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• 31 Jul
  

  Why is depreciation part of the cost?

  Alright, folks! We're diving into the whacky world of depreciation - yes, it’s as thrilling as a rollercoaster ride! Depreciation is like the apple of the accounting world's eye, because it's the method they use to spread out the cost of an asset over its useful life. Think of it like an aging rockstar, less useful with each passing year. It's a bittersweet symphony, but the cost of the asset doesn’t just disappear after purchase. Instead, it gets its moment in the spotlight, spread out like a peacock's tail, over time. So, depreciation is part of the cost because it's the way we account for the value an asset loses as it ages and we use it. That's it, folks, depreciation - the superstar of costs!
  By: Maximus Stronghammer depreciation cost asset value financial accounting 0 Comments Read More
• 28 Jul
  

  What is production lost time?

  Well, butter my biscuits and call me a clockmaker, because we're diving headfirst into the wild world of production lost time! This cheeky little term refers to time during which production is stopped, usually due to equipment failures or worker downtime. Picture this: your factory's humming along like a well-oiled machine, then BAM! A conveyor belt breaks down and your production halts faster than a rabbit in headlights. That, my friends, is production lost time. Now, isn't that a hoot?
  By: Maximus Stronghammer production lost time manufacturing downtime productivity loss operational efficiency 0 Comments Read More
• 22 Jul
  

  How to calculate depreciation?

  In my latest blog post, I explained how to calculate depreciation, a process crucial for both businesses and individuals. I introduced the concept of depreciation, which is the reduction in the value of an asset over time. Then, I covered the two common methods to calculate it: the straight-line method and the declining balance method. I also provided detailed examples for each method to help you better understand how they work. Remember, understanding and tracking depreciation is essential for accurate financial reporting and tax deductions.
  By: Maximus Stronghammer depreciation calculation asset value financial accounting depreciation methods 0 Comments Read More
• 19 Jul
  

  Which is the best tractor loader machine manufacturer in India?

  In my research on the best tractor loader machine manufacturers in India, one company stands out - Mahindra & Mahindra. They've consistently led the way with their innovative, powerful, and reliable machines. Their tractors offer great value for money, and they have a widespread service network across the country. Customers often praise them for their exceptional after-sales service. So, if you're in the market for a tractor loader machine, Mahindra & Mahindra could be a great choice.
  By: Maximus Stronghammer tractor loader machine manufacturer india best 0 Comments Read More