Search results for: “capital depreciation”
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Capital Depreciation
Hierarchical Display of Capital depreciation Business And Competition > Accounting > Accounting > Financial accounting Meaning of Capital depreciation Overview and more information about Capital depreciation For a more comprehensive understanding of Capital depreciation, see in the general […]
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Straight Line Depreciation
An equal dollar amount of depreciation in each accounting period….
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Capital Loss
For purposes of deductibility in relation to income tax, a loss resulting from sale or exchange of capital asset is a capital loss as opposed to an ordinary loss. Stamler vC.I.R., 145 F.2d37.
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Capital Allowance
English Legal System: Capital AllowanceIn the context of the English law, A Dictionary of Law provides the following legal concept of Capital Allowance : A tax allowance for businesses on capital expenditure on particular items. These include *machinery and plant, industrial buildings, […]
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Uniform Capitalization Rules
Uniform Capitalization Rules Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Uniform Capitalization Rules in a way that is easy for anybody to understand: These are a set of rules intended to be a single […]
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Financial Accounting
What is the meaning of Financial Accounting? A definition of Financial Accounting is provided here: The preparation of financial statements for people outside of the firm (for example, investors).
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Value
The utility of an object in direct or indirect relation to the needs or desires of human beings. In this sense it is known as value in use. It also means the power of purchasing other goods or services which the possession of that object conveys, in which sense it is called value in exchange.…
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Book Value
The value of anything as shown in books of account; not necessarily the market value, but it is value after crediting surpluses or losses, or in the case of depreciable capital assets, after deducting the permitted amount of depreciation each year.
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Assets
Legal Definition and Related Resources of Assets Meaning of Assets Used and well understood as including all kinds of property . Property of any kind, real or personal , tangible or intangible , legal or equitable, which can be made available for […]
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Basis
Fundamental principle; the foundation of any reasoning. Within the tax law, a term of art for the cost of property, which generally includes mortgages assumed. See Internal Revenue Code§ 167(9).
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Cash Sale
In the language of the commercial world, the term cash sale is used to designate sales where the purchaser is to have a short credit, as for example, ten days, or even thirty days. 213 111. 586; 157 111. 515. The strict legal signification of the term cash sale is one where […]
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Profits
An excess of the value of returns over the value of expenditures. The net amount made after deducting any proper expenses incident to the transaction. 2 Sneed (Tenn.) 452; 15 Minn. 519. The expenses to be deducted are ordinarily the current expenses incident to the business; not such […]