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Does depreciation is charged on intangible assets?
Depreciation is charged to tangible assets while amortization is used to charge intangible assets.
What is the difference between assets and fixed assets?
The differences between assets and fixed assets are; If you take an asset you will get your money back anytime but if you get a fixed assets the bank will keep your money untill the timeframe is over.
What is excess of assets over liabilities called?
Fund balance
Are sales assets or liabilities?
Sales are neither assets nor liabilities. Sales is the operating revenue recognized for a company over a period of time. However, the resulting cash and receivables from Sales are assets.
Why in internal reconstruction capital reduction account is being prepared?
it is prepared so the amount reduced will be utilised in writing of fictitious assets, some intangible assets and the over valued portion of fixed assets
What is subservient charge?
It is a second charge on assets..
Does depreciation is charged on intangible assets?
Depreciation is charged to tangible assets while amortization is used to charge intangible assets.
What is a floating charge?
A floating chargeis a kind of security to which all of the assets (or perhaps a particular type of assets) from the business, apart from individuals that are susceptible to a mortgage or fixed charge, are utilized as to safeguard the borrowed funds.
What are company law floating charges?
AA floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which 'floats' or 'hovers' until conversion into a fixed charge, at which point the charge attaches to specific assets. The conversion (called crystallisation) can be triggered by a number of events; it has become an implied term in debentures (in English law) that a cessation of the company's right to deal with the assets in the ordinary course of business will lead to automatic crystallisation. Additionally, according to express terms of a typical loan agreement, default by the chargor is a trigger for crystallisation. Such defaults typically include non-payment, invalidity of any of the lending or security documents or the launch of insolvency proceedings.Floating charges can only be granted by companies. If an individual person or a partnership[1] was to purport to grant a floating charge, it would be void as a general assignment in bankruptcy.[2]Floating charges take effect in equity only, and consequently are defeated by a bona fide purchaser for value without notice of any asset caught by them. In practice, as the chargor has power to dispose of assets under a floating charge, this is only of any consequence in relation to disposals after the charge has crystallised.The floating charge has been described as "one of equity's most brilliant creations."[3]floating charge is a particular type of security, available only to companies. It is an equitable charge on (usually) all the company's assets both present and future, on terms that the company may deal with the assets in the ordinary course of business. Very occasionally the charge is over just a class of the company's assets, such as its stock.The floating charge is useful for many companies, allowing them to borrow even though they have no specific assets, such as freehold premises, which they can use as security. A floating charge allows all the company's assets, such as stock in trade, plant and machinery, vehicles, etc., to be charged..
In finance what is an excess of liabilities over assets called?
What is excess of total liability over a total assets?
If your assets are over ten thousand dollars can you declare bankruptcy?
hide the assets then file.
What is the difference between assets and fixed assets?
The differences between assets and fixed assets are; If you take an asset you will get your money back anytime but if you get a fixed assets the bank will keep your money untill the timeframe is over.
Can an executor of a will charge rent utilities and sewerage and taxes?
Yes, the executor can charge some living on the estate property rent and utilities. They are responsible for the assets, which includes the property and any income it can generate. The assets will then be used to settle debts and be distributed according to the will.
How do financial analysts charge their customers for their services?
Financial analysts can charge their clients a few different ways. They can charge by the hour, one set fee for all their work, or they may charge the client a percentage of their assets they are managing for them.
What Does The Term Floating Charge Mean?
A floating charge is a type of security under which all the assets of the business, apart from the ones which are subject to a mortgage or fixed charge, are used as security for the business loan.
What is the simiralities of assets and properties?
The similarities between assets and properties is that they can both be owned and have the possibility to increase in value over time. Assets and properties can be converted into cash.
Can the grantor sell assets listed in irrevocable living trust?
The grantor has no control over the assets in an irrevocable trust. Those assets are under the control of the trustee.
