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Absolutely. In fact, not only must a coin be counted as an asset of the estate at its face value, but if it is a rare coin and has some value over and above its face value, the higher value must be declared.
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∙ 15y ago
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Is cash a probatable asset?
Yes. Cash is a probate asset.
Is leased land exempt from probate procedure?
The contract is an asset of the estate and is going to be subject to the probate procedure.
Can a executor remove property to a different state that was willed to other beneficiaries?
Absolutely not. That would be considered larceny. Any such act should be reported to the probate court immediately as well as to the police.Absolutely not. That would be considered larceny. Any such act should be reported to the probate court immediately as well as to the police.Absolutely not. That would be considered larceny. Any such act should be reported to the probate court immediately as well as to the police.Absolutely not. That would be considered larceny. Any such act should be reported to the probate court immediately as well as to the police.
What is the difference between accumulated depreciation and an depreciable asset?
Depreciable asset - accumulated depraecation = net of Depreciable asset (PPE) Which is the reported PPE(net)
Prepaid advertising would be reported on the balance sheet as a?
An asset
Treasury stock should be reported as a current asset investment other asset or reduction of stockholder's equity?
Reduction of stockholders' equity.
Merchandise inventory is reported as a long-term asset on the balance sheet?
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Where is inventory is reported in financial statement?
Value of Inventory is an asset on the balance sheet.
Where is the receipt of a notes receivable reported on the statement of cash flows?
In the asset area
Does consignment stock have to be reported as inventory?
Yes, consignment stock must be recorded and reported. It is a non-asset inventory and must be documented.
Who owns the copyright after an author dies?
It becomes part of his/her estate and passes through probate the same way as any tangible asset.
Does a vehicle need togo into a probate account?
It is a part of the estate and is an asset. In some places a vehicle can be transferred through a separate process.
