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GWG (accounting)

English translation: Geringwertiges Wirtschaftsgut, low-valued assets

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08:12 Sep 10, 2001
German to English translations [PRO]
Bus/Financial
German term or phrase: GWG (accounting)
Zugaenge: 450 (davon die Haelfte GWG), Buchungen 1000.
Sonja Cooper
English translation:Geringwertiges Wirtschaftsgut, low-valued assets
Explanation:
GWGs can be fully expensed according to German taxation law
Selected response from:

Andy Lemminger
Canada
Local time: 16:46
Grading comment
Graded automatically based on peer agreement. KudoZ.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +5Geringwertiges Wirtschaftsgut, low-valued assets
Andy Lemminger


  

Answers


2 mins   confidence: Answerer confidence 5/5 peer agreement (net): +5
Geringwertiges Wirtschaftsgut, low-valued assets


Explanation:
GWGs can be fully expensed according to German taxation law


    own experience as auditor
Andy Lemminger
Canada
Local time: 16:46
Native speaker of: German
PRO pts in pair: 1127
Grading comment
Graded automatically based on peer agreement. KudoZ.

Peer comments on this answer (and responses from the answerer)
agree  Thomas Bollmann

agree  Ralf Lemster: Zahn has 'minor-value assets' - I'd prefer Andy's version
15 mins

agree  Anja Weggel
56 mins

agree  Marcus Malabad: only it's 'low-value assets'
3 hrs

agree  Alison Schwitzgebel: But only if you get both terms singular or both plural!
4 hrs
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