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Fixed Asset Turnover

Net sales divided by average fixed assets

are interest rates, money that needs to be paid to buy property, factored in acquisition costs?

NOOOO, but everything else is.

what does capitalized mean in the sense when you are repairing your company truck for 400 dollars

It means that that $400 won't be expensed. It will just be capitalized, meaning the truck asset increases in value.

what does goodwill mean

Goodwill is when a company purchases another and takes on the good reputation

Formula for straight line depreciation

(cost-salvage value)/years used

Definition for depreciable cost and give formula

How much a asset depreciates over time, formula: cost-salvage value.

impairment definition related to depreciation

When future money to be made from an asset is less than its cost

Amortization definition

Spreading the cost of intangible assets over the time of their useful life

What is working capital?

Current assets- current liabilities (AKA Pocket Money.)

What is an accrued liability

When you owe money for something that has already been recieved.

What is Current Ratio?

Current Assets/ Current Liabilities.