The depreciation term is fixed regardless of the actual useful life of the leasehold improvement or the remaining term of the lease. For GAAP financial reporting, improvements to leaseholds can be capitalized or expensed depending on the dollar amount of the improvement. Companies set a capitalization limit, an internal accounting standard determined by management that sets the threshold amount above which an item is capitalized instead of expensed.
A linkage institution is a structure within a society that connects the people to the government or centralized authority.These institutions include: elections, political parties, interest groups, and the media. linkage institution is a structure within a society that connects the people to the government or centralized authority.
Private Branch Exchange Explained. A PBX (Private Branch Exchange) is a system that allows an organization to manage incoming and outgoing phone calls and also allows communication internally within the organization. A PBX is made up of both hardware and software and connects to communication devices like telephone adapters, hubs, switches, routers and of course, telephone sets.