RMS Titanic was a British passenger liner that sank in the North Atlantic Ocean in the early morning of 15 April 1912 after colliding with an iceberg during her maiden voyage from Southampton, UK, to New York City, US.hey were heated by burning coal, 6,611 tons of which could be carried in Titanic ' s bunkers with a further 1,092 tons in Hold 3. The furnaces required over 600 tons of coal a day to be shovelled into them by hand, requiring the services of 176 firemen working around the clock.
Depreciation of leasehold improvements. A leasehold improvement is created when a lessee pays for enhancements to building space, such as carpeting and interior walls. The depreciation of leasehold improvements only occurs if the amount expended is more than the lessee's capitalization limit.
Depreciation expense is the systematic decrease in value of a fixed tangible asset. Example. The company purchases a machine with a cost of 100,000 and a useful life of 10 years and no residual value. If the company allocates the cost to each useful life equally, then the yearly depreciation expense is 10,000.