A contra-asset account has a credit balance and offsets the debit balance of the corresponding asset. A contra-liability account has a debit balance and offsets the credit balance of the corresponding liability. â You should try to keep a good standing with your contra account so that you know you have everything covered. â.
In 2009, the availability of high-capacity networks, low-cost computers and storage devices as well as the widespread adoption of hardware virtualization, service-oriented architecture, and autonomic and utility computing led to a growth in cloud computing.
Having no shared costs for hallways, bathrooms or a lobby means that you can get more space for your money, and rent exactly what you need. Companies are putting their staff into warehouses that are built as nice as any office. R&D or flex space is becoming more popular today, given the shortage of office space. If you wanted to rent 3,000 square feet instead of 33,000 square feet, they might even be willing to do that. All they have to do is build a wall and add the ceiling.