Nursing Home Administration, 8th Edition
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Copyright Dedication Preface Springer Publishing Resources Part 1: Learning How to Manage the Healthcare Organization Part 2: Understanding the Departments and Managing Human Resources 2.1: Organization of the Nursing Facility and its Staff 2.2: Identifying Human Resources Functions 2.3: Planning Employment Needs: Writing Job Descriptions 2.4: Forecasting Future Employment Needs 2.5: Recruiting Employees 2.6: Hiring Staff 2.7: Training Staff 2.8: Retaining Employees 2.9: Evaluating Employees 2.10: Paying Employees 2.11: Disciplining Employees
Part 3: Learning to Manage the Organization’s Finances 3.1: The Administrator’s Role as Financial Manager 3.2: Generally Accepted Accounting Principles 3.3: Two Approaches to Accounting: Cash Accounting and Accrual Accounting 3.4: The Two Main Steps in the Accounting Process: Recording Transactions and Preparing Financial Statements 3.5: Putting Financial Statements To Work: Working Capital, Ratio Analysis, and Vertical Analysis 3.6: Additional Accounting Procedures that Help the Administrator Maintain Control Over the Facility 3.7: The Concept Of Depreciation 3.8: Using “Costs” in Managerial Decisions 3.9: Budgets and Budgeting 3.10: Finance: The Broader Context
Part 4: Learning the Continuum of Long-Term Care 4.1: Origins, Overview, and Current Profile of the Nursing Facility Industry 4.2: The Social Security Act: Medicare and Medicaid 4.3: Older Americans Act 4.4: Labor and Management: Laws and Regulations 4.5: Workplace Safety: The Occupational Safety and Health Act 4.6: Fire Safety: The Life Safety Code 4.7: Americans With Disabilities Act Accessibility Guidelines for Facilities 4.8: Voluntary Operating Standards: The Joint Commission 4.9: The Affordable Care Act 4.10: The Elder Justice Act 4.11: Patient Driven Payment Model 4.12: Value-Based Care and Pay for Performance
Part 5: Building Your Resident Care Skills Part 6: Putting the Systems Together 6.1: Setting Policies for the Facility 6.2: Developing a Person-Centered Care Plan 6.3: The Quality Indicators Survey: The Regulatory Survey and Inspection Process and Plan of Correction 6.4: The Report Card 6.5: Getting Reimbursed for Care Given 6.6: A Glance at the Horizon 6.7: Summary Observations from a Career of Nursing Facility Administration
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3.7: The Concept Of Depreciation
Copyright Dedication Preface Springer Publishing Resources Part 1: Learning How to Manage the Healthcare Organization Part 2: Understanding the Departments and Managing Human Resources 2.1: Organization of the Nursing Facility and its Staff 2.2: Identifying Human Resources Functions 2.3: Planning Employment Needs: Writing Job Descriptions 2.4: Forecasting Future Employment Needs 2.5: Recruiting Employees 2.6: Hiring Staff 2.7: Training Staff 2.8: Retaining Employees 2.9: Evaluating Employees 2.10: Paying Employees 2.11: Disciplining Employees
Part 3: Learning to Manage the Organization’s Finances 3.1: The Administrator’s Role as Financial Manager 3.2: Generally Accepted Accounting Principles 3.3: Two Approaches to Accounting: Cash Accounting and Accrual Accounting 3.4: The Two Main Steps in the Accounting Process: Recording Transactions and Preparing Financial Statements 3.5: Putting Financial Statements To Work: Working Capital, Ratio Analysis, and Vertical Analysis 3.6: Additional Accounting Procedures that Help the Administrator Maintain Control Over the Facility 3.7: The Concept Of Depreciation 3.8: Using “Costs” in Managerial Decisions 3.9: Budgets and Budgeting 3.10: Finance: The Broader Context
Part 4: Learning the Continuum of Long-Term Care 4.1: Origins, Overview, and Current Profile of the Nursing Facility Industry 4.2: The Social Security Act: Medicare and Medicaid 4.3: Older Americans Act 4.4: Labor and Management: Laws and Regulations 4.5: Workplace Safety: The Occupational Safety and Health Act 4.6: Fire Safety: The Life Safety Code 4.7: Americans With Disabilities Act Accessibility Guidelines for Facilities 4.8: Voluntary Operating Standards: The Joint Commission 4.9: The Affordable Care Act 4.10: The Elder Justice Act 4.11: Patient Driven Payment Model 4.12: Value-Based Care and Pay for Performance
Part 5: Building Your Resident Care Skills Part 6: Putting the Systems Together 6.1: Setting Policies for the Facility 6.2: Developing a Person-Centered Care Plan 6.3: The Quality Indicators Survey: The Regulatory Survey and Inspection Process and Plan of Correction 6.4: The Report Card 6.5: Getting Reimbursed for Care Given 6.6: A Glance at the Horizon 6.7: Summary Observations from a Career of Nursing Facility Administration
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DOI:
10.1891/9780826148476.0027
Abstract
This section discusses the concept of depreciation and how to use it in managing facility finances. Capital assets are those used to provide services during more than one time period; in the course of operations, they lose value due to use, wear and tear, or obsolescence. Assets that can be capitalized or depreciated differ from other facility assets because they are used in operations for more than one time period and will not be converted into cash within the year. Straight-line depreciation is a depreciation method in which the historical cost of an asset is spread evenly over its useful life. The depreciation expense would be the same in every period in which the asset functions. A portion of the depreciation expense may easily be attributed to each period by dividing the annual depreciation expense by the number of accounting periods in the year.
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