Imagine being home alone when your dog suddenly starts barking at something you can’t see. They say dogs can sense things humans can’t so when yours reacts to something or an empty space, don’t be too quick to call it imagination 😳👀
A young woman loses her grandparents to invisible creatures. She discovers that her dog can see these terrifying beings even when humans cannot
Now they must fight together to survive and get revenge
THE RECLAIMERS (2023) 🎬
That fingertip save was pure class! 👏 The reflexes, timing and composure were outstanding. A goalkeeper's moment of brilliance can change the entire game. Well deserved, Penders! 🧤🔥
SML-189: Depreciation and Amortisation Simplified
Depreciation and amortisation are accounting methods used to spread the cost of an asset over its useful life.
What each term means:
Depreciation: the reduction in the recorded value of a tangible asset, such as machinery, vehicles or buildings, over time.
Amortisation: the gradual allocation of the cost of an intangible asset, such as software, patents or licences, over its useful life.
How it works:
Suppose a company purchases a machine for ₹10 lakh with a useful life of 10 years and zero residual value.
Purchase cost: ₹10 lakh
Useful life: 10 year
Annual depreciation: ₹1 lakh
Similarly, if a company purchases software worth ₹5 lakh with a useful life of 5 years:
Purchase cost: ₹5 lakh
Useful life: 5 years
Annual amortisation: ₹1 lakh
Why investors should understand them:
They reduce reported accounting profits.
They help estimate the cost of using assets over time.
They help investors understand a company's asset base.
They are important when analysing EBITDA, EBIT and net profit.
Important distinction:
Depreciation applies to tangible assets.
Amortisation applies to intangible assets.
Both are generally non-cash accounting expenses when recorded, although the original asset purchase involves cash outflow.
Caution:
Depreciation and amortisation are not the same as actual cash expenses in a particular year.
Physical assets may require maintenance and replacement.
Always check the useful life, depreciation method and residual value used by the company.
Key takeaway:
Depreciation spreads the cost of physical assets, while amortisation spreads the cost of intangible assets over their useful lives. Understanding both helps investors analyse a company's profitability more accurately.
A conversation that could change everything. Who is this mysterious woman, and what does she know about Daniel’s father? The truth is about to unfold… Stay tuned for Episode 4!