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Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets
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∙ 14y ago
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3 factors that cause loss in value of tangible assets?
Which two factors cause the loss in value of tangible assets
How to Compute Net Assets Value?
Net assets are calculated as: Fixed Assets+Current Assets-Current Liabilities-Preliminary expenses if any
What is the meaning of surplus on revaluation of fixed assets?
While in the process of revaluation of assets and liabilities, if the value of some assets increase more than the decrease in the value of some fixed assets then the difference of this increase and decrease if positive is called surplus on revaluation of fixed assets.
Is the total value of your assets is called your collateral?
No.
What is revaluation of plant assets?
A plant asset is an asset such as land, buildings, and machinery that will be useful for more than one year and is used to help produce revenues for a business. Plant assets are also known as fixed assets. Revaluation of plant/fixed assets is the process of increasing or decreasing their carrying value in the event of major changes in the fair market value of the assets.
What kind of expense takes into account the fact that assets wear out or lose value over time?
Depreciation
How do you figure out the value of assets in place?
Value of assets in place = Value of investment in existing assets + Net present value of assets in place
What is legacy assets?
Legacy assets are those assets which are less productive (outdated) and in some cases least productive overtime, they are just on the brink of being a liability. When assets lose considerable value they are often termed as legacy assets. Literal meaning of the word legacy is outdated or obsolete.
What is the net value of fixed assets called?
value
In what type of liability can you lose all your assets?
Unlimited
Why the assets are revalued when a new partner is admitted?
The actual value of assets may be different from their book value. So revaluation account is prepared at the time of admission to record any increase or decrease in the value of assets.
Why do assets depreciate in value?
the assets will loose their assets vavues because of wear and tear use of goods
3 factors that cause loss in value of tangible assets?
Which two factors cause the loss in value of tangible assets
How to Compute Net Assets Value?
Net assets are calculated as: Fixed Assets+Current Assets-Current Liabilities-Preliminary expenses if any
What is the meaning of surplus on revaluation of fixed assets?
While in the process of revaluation of assets and liabilities, if the value of some assets increase more than the decrease in the value of some fixed assets then the difference of this increase and decrease if positive is called surplus on revaluation of fixed assets.
What is a company's book value of pledged assets divided by the book value of its secured liabilities called?
Pledged assets to secured liabilities.
What are complementary assets in information system?
Complementary assets are the assets required to derive value from a primary investment. The relationship between complementary assets and information technology is the firms using information technology to know the increasing or decreasing the investment in markets.
