What Is a Nonrecurring Charge?
A nonrecurring charge is an accounting term used to describe a one-time expense that is not expected to recur in future periods. Nonrecurring charges are often written off as bad debt or losses on the income statement. Examples of nonrecurring charges include: -Restructuring charges -Asset impairments -Litigation charges -Goodwill write-downs Where can non-recurring items be … Read more