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Periodic expenses means9/4/2023 ![]() Accruals are important because they help to ensure that a company's financial statements accurately reflect its true financial position, even if it has not yet received payment for all of the services it has provided or paid all of its bills. Periodic fixed expenses are like regular fixed expenses (think mortgage, electricity, etc.), only they do not come every month. For example, Company A has a machine worth 100,000, with a residual value of 5,000. This can include things like unpaid invoices for services provided, or expenses that have been incurred but not yet paid. Periodic Depreciation Expense Unit Depreciation Expense Units Produced. Deductible expenses reduce a business’s taxable income, which can result in significant cost savings. Businesses need to track and categorize their expenditures because some business expenses can count as tax deductions.
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