Search results
Results from the WOW.Com Content Network
The standard mandates that borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset must be capitalized as part of that asset. Other borrowing costs are recognised as an expense. [1] IAS 23 was issued in 1984 and came into effect on January 1, 1986.
IAS 16 prescribes that an item of property, plant and equipment should be recognised (capitalised) as an asset if it is probable that the future economic benefits associated with the asset will flow to the entity and the cost of the asset can be measured reliably. [4]
Dilapidation is a term meaning a destructive event to a building, but more particularly used in the plural in English law for the waste committed by the incumbent of an ecclesiastical living the disrepair for which a tenant is usually liable when he has agreed to give up his premises in good repair.
For premium support please call: 800-290-4726 more ways to reach us
This is simply the quotient of dividing the annual net operating income (NOI) by the appropriate capitalization rate (CAP rate). For income-producing real estate, the NOI is the net income of the real estate (but not the business interest) plus any interest expense and non-cash items (e.g. -- depreciation) minus a reserve for replacement.
Under the U.S. tax code, businesses expenditures can be deducted from the total taxable income when filing income taxes if a taxpayer can show the funds were used for business-related activities, [1] not personal [2] or capital expenses (i.e., long-term, tangible assets, such as property). [3]
Explore: 5 Ways the Middle Class Can Build Wealth Over the Next 5 Years Find: 3 Things You Must Do When Your Savings Reach $50,000 The best CD rates this month are at 5.5% and above for terms of ...
The "uniform capitalization rules" or UNICAP rules were essentially a codification of the result of case of Commissioner v.Idaho Power Co., 418 U.S. 1 (1974) The UNICAP rules require a taxpayer to capitalize all direct and indirect costs that they incur in the production of real or tangible personal property that are allocable to that property.