Whatever item is for sale must have some value. If it is cash value, that simply means whatever the item is worth in coins and paper money, with a check being considered cash, also.
Is book value an estimate of an asset's fair market value?
Not necessarily. Book value is the basis of the item less accumulated depreciation. Book value is rarely the actual cash value of an item, any item. Book value has to do with accounting and taxes, not sales price or actual cash value. ...
Do insurance companies pay for replacement value or actual value when a vehicle is stolen?
Insurance companies ONLY pay for Replacement value when you have paid for an additional endorsement to insure your car for its "replacement" value. Otherwise, they pay Actual Cash Value, using blue books, fair market prices, your car's condition, i.e miles, etc, all of it is a factor to determine actual cash value, etc. ...
What percentage makes an auto a total loss?
As a rule of thumb, if the repairs are up to approximately 60-65% of the actual cash value of the vehicle, it will most likely be totalled by the insurance company. The reasoning behind that is there are usually supplemental charges that were not included in the initial damage appraisal that could likely drive the price of the repairs up to or pass the actual cash value of the vehicle. No insurance company will pay more than the actual cash value...
Asked in Insurance, Motorcycle Insurance
How does an insurance company determine the value of a stolen motorcycle?
A.C.V. (Actual Cash Value)and or (loan to value) blue books. Your purchase receipt will help determine the real value. ...
Asked in Business Finance, Financial Statements
Why depreciation and amortization are treated as non cash items?
Depreciation an amortization are treated as non cash items because the actual amount of depreciation can not be known in cash terms..the depreciation does not lead to any inflow ore outflow of cash ....the amounbt of depreciation is jst deducted frm the actual value of the asset ...
Asked in Life Insurance
When cashing out a life insurance policy are cash value and net cash value the same?
The cash value of something is the value before taxes. Net or Netto cash value is after taxes. ...
If something happened to your current home and you had actual cash value homeowner's insurance would you be able to use the money received as you see fit and build a smaller house?
It doesn't matter whether it's Replacement Cost or Actual Cash Value. You can do whatever you want with the money. Just don't expect a cent more. ...
Asked in Insurance, Life Insurance
How do you find out cash value of life insurance?
One of the things that you can do is to contact the customer service department of the insurer. Doing so can give you the current cash value, which is based upon the actual return on the company's investments, and which is a large part upon which the growth of cash value is based. You should also review the policy itself, ssuming that it is a whole life policy (which is the only type on which cash value accumulates). One or more pages...
What is the cash accounting method?
There are two accounting methods commonly use and those are: 1 - Accrual Accounting 2 - Cash Accounting 1 - Accrual Accounting method is used in which expenses are recorded when they occur and not when actual cash is paid, In this method actual cash payment timing is not important for expense or receipt recording 2 - Cash Accounting method is used in which expenses are recorded when actual cash is paid for expenses or cash is received for services or product and in...
Asked in World War 1
How much is much is a medal for the great war for civilsation worth?
Actual cash value for the "Purple Heart" is around $35.00. The sentimental value and Honor of having one is "Priceless"! ...
What is considered the total loss of a car?
In general, a vehicle is declared a total loss when the repair cost exceeds some percentage of its actual cash value; that percentage may differ by state and is usually provided by law. Actual cash value is measured by market value of the vehicle prior to the collision. It takes into account make, model, age, condition, equipment, mileage and related factors. ...
Asked in Financial Statements
Can Present value be added to determine the value of capital budgeting project?
As capital budgeting involve decision making which is for long term time period that's why time value of money imprecations are included while calculating capital budget and that's why present value of actual cash flows are used rather the real value of cash flows. ...
Why is looking at cash flow an important step in a good financial plan?
Cash Flow statement or actual cash flow is basic component for any financial plan as in acrual accounting actual occurance of expense or income is different from actual payment of cash or receipt of cash in future period so unless financial planner doesn't know the actual future cash receipt and payment situation, it is not possible for him to plan accurately ...