please tell me what the "pro forma invoice" is
glossary FAQ: glossary.
Vincent M. From San Buenaventura, United States
02 February, 2009
An invoice presented by one company to another for payment for goods prior to their despatch. This method of invoicing is to ensure payment is received and is often the case when two companies have not traded before. If future trading is anticipated it wi Visit Interbank FX
do you know what "depreciation" is?
glossary FAQ: glossary.
U. Knowles from Canada
02 February, 2009
a "depreciation " is 1. In accounting, an expense recorded to allocate a tangible asset's cost over its useful life. Because depreciation is a non-cash expense, it increases free cash flow while decreasing reported earnings.
2. A decrease in the value of a particular currency relative to other currencies.
1. Depreciation is used in accounting to try to match the expense of an asset to the income that the asset helps the company earn. For example, if a company buys a piece of equipment for $1 million and expects it to have an useful life of 10 years, it will be depreciated over 10 years. Every accounting year, the company will expense $100,000 (assuming straight-line depreciation), which will be matched with the money that the equipment helps to make each year.
2. Examples of currency depreciation are the infamous Russian ruble crisis in 1998, which saw the ruble lose 25% of its value in one day. Visit CMC Markets
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