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Abgangsfiktion

English translation: Disposal is assumed

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

German term or phrase:	Abgangsfiktion
English translation:	Disposal is assumed
Entered by:	Alison Riddell

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15:34 Oct 5, 2006

German to English translations [PRO]
Bus/Financial - Accounting / low-value assets

German term or phrase: Abgangsfiktion

In notes (HGB):

Wirtschaftsgüter mit einem Anschaffungswert von unter 410,00 Euro ohne Umsatzsteuer (Geringwertige Wirtschaftsgüter) wurden im Zugangsjahr sofort abgeschrieben. Für den Anlagespiegel wird die Abgangsfiktion unterstellt.

I think I may have found an explanation on the Web but is there a translation for Abgangsfiktion?

nruddy KudoZ activity Questions: 153 (none open) (1 without valid answers) (9 closed without grading) Answers: 28
Local time: 17:13

Disposal is assumed

Explanation:
Hola Niamh!

It just means that, even though the asset may well remain in the company, the accounting assumes that it has been disposed of.

HTH

Alison

Selected response from:

Alison Riddell
Local time: 00:13

Grading comment

Thanks very much to both of you!
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +1

Disposal is assumed

Alison Riddell

Discussion entries: 1

Answers

9 mins confidence:

peer agreement (net): +1

Disposal is assumed

Explanation:
Hola Niamh!

It just means that, even though the asset may well remain in the company, the accounting assumes that it has been disposed of.

HTH

Alison

Alison Riddell
Local time: 00:13
Specializes in field
Native speaker of:

English
PRO pts in category: 306

Grading comment

Thanks very much to both of you!

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Abgangsfiktion

English translation: Disposal is assumed

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Abgangsfiktion

English translation: Disposal is assumed

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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