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When is the restoration of an impairment loss permitted?
if the asset is hold for disposal
What is the difference between an Operating asset and a financial asset?
A financial asset are short term investments in private equity, bonds, hedge funds, and other type of securities. Operating assets are investments that include all internal and external factors within a company. Operating assets hold more value than a financial asset.
Simple business loan agreement?
Question do you want a definition of one or are you looking to execute an agreement? If so, between individuals, or between businesses? Suggestions: Assuming you ed the above, there are websites that provide forms, both free and fee. Search some out and read what the contracts include. Ultimately the loan agreement, simple or otherwise has to hold up in a court of law (or arbitration, if you prefer) to protect both lender and borrowers rights. Otherwise, it is unenforceable and both parties have no recourse. If you use a prepared form or if you write it yourself, should have a legal beagle review it at least (yes it will cost a few $ extra)but worthwhile should the agreement go sour. Hope this helps.
Why is trademark an intangible asset?
An intangible asset is one that you cannot physically hold, touch, or store, or sell on the market(usually). eg. GOODWILL, COPYRIGHT, TRADEMARKS Can you touch a trademark? No, not really. You can't really store it on a shelf next to your lightbulbs, or go and look at it like your buildings.. It's not something that you sell either - unless you are selling your business... Hence it is intangible.
What is mandatory payroll deduction?
It is an amount of money that the law requires the employer to hold back from pay. This typically includes taxes, a court ordered payment towards a debt (a garnishment of wages) or court ordered child support payments.
If a husband and wife split and there is a notarized agreement Will it hold up in court?
Absolutely! Anything Notorized is a legal agreement between the signing parties.
You got a auto loan for your friend who agreed to completely pay off in full she failed to do so and now the bank wants to repossess will a written agreement between her and you hold up in court?
If you have a written agreement to show in court it cant hurt. It depends on what is in the agreement. Take this to court with you it may help.
Your wife signed a written agreement to never take you to court for child support will that hold up in court?
only if the court determines that it would be in the best interest of the child[ren] to do so
Adults agree upon and notorize a agreement for divorce separation Then later file for divorce Will the agreement hold up in court and will they be bound by it?
Provided it meets legal definitions, yes. see links below
Is rented building fixed asset?
A rented building is not an asset. The lease hold improvements may be a depreciating asset (depending on the definitions in your area)
When is the restoration of an impairment loss permitted?
if the asset is hold for disposal
Can you sue someone who's buying a car from you and has not kept their verbal agreement to make payment on time and wont pay the remaining balance?
Yes, you may take them to Civil court. However, having a written agreement would hold up better.
What happens if you disobey sections of the final divorce court agreement?
The other party can ask the court to hold you in contempt. Depending on which sections you are disobeying, you can be ordered to comply, can be required to pay the other party's attorney fees, or even be sent to jail.
Can a landlord hold a tenant responsible for a lease agreement if the tenant was not mentally competent and no attorney was present at the signing of the lease agreement?
Did a court adjudicate the tenant as incompetent? Then, if and when the landlord sues, that would provide the basis for a defense. You can't stop the landlord from trying to recover damages.
What is difference between free hold premises lease hold premises?
Lease hold premises is one taken on rental basis form other person based upon an agreement and for a period of time - say 5 years. It is not he asset of user (Lessee). Only a right to use the asset passes to the lessee and ownership stays with the original owner (Lessor). Free hold premises is free of any leasing agreement or contract. The owner and user is the same person, and the right to use and ownership lies with one person only i.e. the owner. Presentation of both the above in financial statements is different. Only owner can claim depreciation on the leased premises (being the owner) and lessee can claim the lease rent paid by him for income tax purpose.
What does the phrase Hold Docket mean in state of Texas?
hold court ie: court docket
Where I can get a hold harmless agreement?
You can obtain a generic Hold Harmless Agreement from many off the shelf Software suites offering legal forms at your local Computer software vendor.
