Examples of Prepaid costs in a sentence
Prepaid costs and costs still to be paid are taken into account in determining the expenses.
Prepaid costs for an extended period of time are normally written off equally during the period in which the benefit will be derived.
Prepaid costs of governmental funds offset nonspendable fund balance to indicate they do not constitute resources available for future appropriation.
The seller’s acquisition cost is the purchase price which the seller paid for the property, and the following costs (if paid by the seller):• Closing costs, plus• Prepaid costs, including commissions.The seller’s acquisition cost does not include the cost of repairs that the seller makes to the property.
Prepaid costs mainly relate to costs relating to third-party service contracts relating to software, maintenance and consulting.
Prepaid costs for an extended period of time are written off equally during the period in which the benefit will be derived.
Prepaid costs in relation to CAVATAKTM drug stocks manufactured for the purpose of conducting the Phase 1 and 2 clinical trials have been expensed following commencement of the trials.
Prepaid costs*324338 Other receivables303295 Total627633 Loan to Saniona A/S20152014 Loan at 1 January2,5002,500 Disposals2,500- Loan at 31 December02,500 Depreciation and impairment at 1 January 2,500 2,500 Disposals2,500- Depreciation and impairment at 31 December02,500 * Prepaid costs concern insurance, subscriptions, etc.** As the conditions for repayment of the loan had not been met by the end of 2015, the loan was cancelled in accordance with the terms of the loan agreement.
The seller’s acquisition cost is the purchase price which the seller paid for the property, and the following costs (if paid by the seller):• Closing costs, plus • Prepaid costs, including commissions.
OTHER CURRENT ASSETS Prepayments661487Total other current assets661487NOTES TO THE FINANCIAL STATEMENTS Prepaid costs greater than $10,000 are recorded in the balance sheet and released over the relevant period.