0
Which of the items are not a relevant factor in computing depreciation a salvage value or useful life or cost or ongoing repairs?
Mgg2
ongoing repairs are not relevant, the other three are all essential...
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is homeowners depreciation check's purpose to cover repairs?
No. depreciation is compensation for a loss of value. You can make repairs or do whatever you choose with it.
How do I Collect the depreciation from Homeowners insurance claim?
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
If your adjusters check is more than the repair cost what do you do?
If there is recoverable depreciation involved in the claim then when you send your adjuster the invoice showing the amount for repairs was less, they will subtract the difference between the adjusters check, and the amount of your invoice, from the recoverable depreciation amount. Lets say your adjuster estimate the repairs to be $1,000 RCV and they with held $500 in depreciation. So they cut you a check for $500 with the remaining $500 withheld in recoverable depreciation. If you show them that you completed the repairs for less than $500 then they will not return any of the other $500 they withheld for depreciation as you got the repairs completed for less. If you showed then you got the repairs completed for say $800 then they would release $300 of the $500 they were holding and keep the remaining $200. If you showed them the repairs cost the full $1,000 they estimated for the will release the full $500 they were withholding in depreciation. If there is not recoverable depreciation withheld then forgot everything you just read and keep the change.
Can i get the held recoverable depreciation check if my repairs are less than insurance quote?
yes
What are examples of variable cost in a fitness center?
taxes, insurance, depreciation supplies, utilites and repairs
What is the cost per kilometer to operate a car in Ontario including depreciation repairs gas and insurance in 2011?
your mom and your whole family
Who is entitled to property depreciation after repairs owner or contractor?
The person who is entitled to property depreciaiton after repairs between the owner and contractor is the owner. The contractor comes in to fix things and if he doesn't do it right, he can be sued. But if the work was done right, the owner is responsible.
What are included in expenses?
payroll, sales commissions, employee benefits and pension contributions, transportation and travel, amortization and depreciation, rent, repairs, and taxes are included in an expenses.
What are the advantages and disadvantages of fixed assets?
One of the advantages of fixed assets are that over the period of the fixed asset, the total burden of depreciation and repair costs are disproportional over the effective life of the asset. One of the disadvantages is that the depreciation is not a suitable method for assets like plants and machinery as depreciation is constant while the repairs on such assets will be heavier in later years.
What stores offer motherboard repairs in Vermont?
Vermont Computing offers motherboard repairs and sales in the Vermont area. They also have other services such as networking and PC setup available. There address is 23 Merchants Row, Randolph, VT 05060.
What is the depreciation for a car that was in an accident?
Insurance companies differ with the make, model and year. Typically most companies won't even repair a damaged car that is estimated 30% repair costs balanced against the Blue Book value. If the car needs only minor repairs it should not significantly effect the value of the car or increase the depreciation.
How much will a BMW k1200s cost in 2015 approximately?
Sorry, our crystal ball is in for repairs. But, you can follow the link, below and review depreciation of this model or others like it over three years, to see what trends you can spot.
