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This is commonly seen in items like property taxes and management fees. In this case the landlord might agree to pay the first, say, $5,000 of the property taxes, and then charge anything above that back to the tenants. This is known as a recovery stop, or simply a stop. Some expenses vary from year to year for any variety of reasons.
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
To recover the depreciation, you will then usually need to prove you have replaced the item or fixed the damage to your house within a certain timeframe and with specific documents (e.g., sales ...
Asset recovery, also known as investment or resource recovery, is the process of maximizing the value of unused or end-of-life assets through effective reuse or divestment. While sometimes referred to in the context of a company undergoing liquidation , Asset recovery also can describe the process of liquidating excess inventory , refurbished ...
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Cases in which the High Court has held that economic loss was recoverable include: Caltex Oil (Australia) Pty Ltd v The Dredge 'Willemstad' (1976), [13] in which Caltex was permitted to recover the economic loss it suffered when a dredge severed an oil pipeline. Caltex was not directly affected by the loss of the oil, because that risk was ...
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