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Is there a rule of thumb for office rent or lease per gross income?
There is a GRM (Gross Rent Multiplier) that compares the total rental/lease income to the value or price of the property. The price can run 8 to 10 times the gross income, but that can vary widely up or down based on market conditions, interest rates, management, building type and quality, and many other factors. Capitalization Rate (cap rate) is a more comprehensive way of evaluation, but if the GRM is known for a building type and location, you can quickly determine a ballpark value.
What is income property good or service is subject to tax called?
Income property, goods or services that is subject to tax is called the taxable portion. This is usually based on a percentage of the value and other criteria.
Difference between available for sale securities and held for trading securities?
Held for trade securities are stocks and bonds that are held with intention of selling in order to generate profits. Therefore there will be a selling price and all unrealized gains and losses are reported on the income statement. The Available for Sale securities are bonds and stocks that are sold with no intention of profit and all unrealized gains and losses are included in Other Comprehensive Income. Both need yearly fair value adjustments.
What are the similarities between property tax and income tax?
both based of amount of the value . the higher income and property value determines tax rate
What Is the general Journal Entry to Record investment car in the business?
In accordance with International Financial Reporting Standards (IFRS) investement property is, in short, property held for capital appreciation or rental income. In accordance with this standard the property is initially measured at cost and subsequently at fair value, remeasured through profit and loss (I have assumed that you have not taken the election to measure the vehicle under the cost model). The journal entry would therfore be Dr Inverstement Car Cr Bank/Accounts payable Subsequent changes to the fair value are measured through Profit and Loss being: Dr Fair Value Loss (P/L) Cr Investement Car Loss on Fair Value adjustment for a decrease Or: Dr Investement Car Cr Fair Value Income Gain on fair value adjustment increase in value This is in contrast to any other asset held as Property, Plant and Equipment as, most noticably, the asset is not depreciated (assumed elected fair value model elected) and any increases in value are not recognised in Other Comprihensive Income but in Profit and Loss.
Is fair value adjustment for equities other comprehensive income?
If it's a trading security the FVA is to the income statement. If it's an Available-for-sale security the FVA is to other comprehensive income. If it's held-to-maturity then there will be no FVA. You need to determine the type of security you hold.
Comprehensive income does not affect net income or retained earnings?
Comprehensive income is a broader measure of a company's financial performance that includes all non-owner changes in equity. It includes items that are not included in net income, such as unrealized gains or losses on investments, foreign currency translation adjustments, and changes in the market value of certain financial instruments. While comprehensive income does not directly impact net income or retained earnings, it is reported on the company's financial statements and disclosed to provide a more comprehensive view of the company's financial performance to stakeholders. It is more of a supplementary measure to net income and retained earnings.
What are stocks and bonds providing income through dividends and interest the same as?
Storehouse of value. (:
How do you convert your income in to numeric value?
numeric value for monthly income
Stock and bonds providing income through dividens and interest is the same as money used as which of these?
storehouse of value
Is a donated automobile taxable income?
No since you donate it (don't get money) What you get is a receipt for value to offset income like other charitable donations.
Is there a is relationship between income and value of car own?
Yes, there is a relationship between income and the value of the car someone owns. Typically, higher income individuals tend to own more expensive and higher value cars, while lower income individuals may own less expensive vehicles. This relationship is influenced by various factors such as affordability, lifestyle choices, and financial priorities.
Is there a rule of thumb for office rent or lease per gross income?
There is a GRM (Gross Rent Multiplier) that compares the total rental/lease income to the value or price of the property. The price can run 8 to 10 times the gross income, but that can vary widely up or down based on market conditions, interest rates, management, building type and quality, and many other factors. Capitalization Rate (cap rate) is a more comprehensive way of evaluation, but if the GRM is known for a building type and location, you can quickly determine a ballpark value.
Why does value of output always equal income received by the resources that produced the output?
you work an hour at McDonalds for $7.50. You value that hour, right? How much do you value it? You can tell by the income you received: $7.50. Income is the measure of value.
A hazard true or false the national income is the nations input-and the value of the income generated by the production of that input?
It is false. ... .of yhe value of the nation`s output and the value of the income generated bybthe production of that output.
Do you have to claim a car won as a prize on your income taxes?
Certainly. It has value and you have received it as a winning.
What is the effect of taxes on your income and purchases?
Income reduced & Purchase value Increased.
