answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why people need to lease other's assets?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What costs can you include in a new fixed asset?

Fixed assets are also tangible assets with the following characteristics: (1) for the production of goods, provide services, for rental or administrative purposes; (2) to a term of over one year; (3) high unit price. Classified by economic use of fixed assets, fixed assets can be divided into production and business class business class of all fixed assets of .1 non-production, production and operation class of fixed assets, is the direct service of production, business process various types of fixed assets. Such as the production and management with houses, buildings, machinery, equipment, utensils, tools. 2, non-production business with the fixed assets is not directly serving production and business processes of various fixed assets. Such as dormitories, dining hall, bathrooms, hairdressing room and so the use of housing, equipment and other fixed assets, etc.. Hug the use classification of fixed assets can be divided into fixed assets in use, no use of fixed assets and fixed assets not required. Classification of the ownership of fixed assets can be divided into fixed assets owned fixed assets and rental income. Leased fixed assets are divided into operating lease of fixed assets and fixed assets financed by leasing. The economic use of fixed assets and use of comprehensive classification: 1, production and operation of fixed assets. 2, with fixed assets of non-production operations. 3, leased fixed assets. Means the lease under operating lease of fixed assets to other units. 4, No need for fixed assets. 5, no use of fixed assets. 6, the land. That in the past has accounted for the land alone. Paid for land acquisition compensation fee, should be included in land-related housing, the value of the building, 7, fixed assets financed by leasing. Details of fixed assets subject to classification according to the set, also can directly write the name of the specific device. The use of accounting software have now fixed detailed title. Subjects use a lot, as long as the related fixed assets accounting are required.


What assets are easily convertable into cash among current assets and liquid assets?

Marketable securities are those assets which can easily convert to cash when the need arise to convert them.


Do trust documents need a list of assets?

No.


Which tangible fixed assets would not normally be depreciated?

Tangible fixed assets with an infinite life such as land do not need to be depreciated.


In what circumstances is a capital lease a better alternative to an operating lease and under what circumstances is a clapital lease a better alternative than buying an asset?

1) When you do not need a current tax deduction, a capital works better, you can take depreciation over the term of the lease. 2) You buy a appreciating asset and lease a depreciating asset, A capital lease is better with a depreciating asset. http://www.equipmentleasing101.com

Related questions

Can a co-owner get a injunction against the co-owners?

No. If the property is owned by two people and one did not consent to the lease then the lease is invalid. You need the written consent of all the owners.No. If the property is owned by two people and one did not consent to the lease then the lease is invalid. You need the written consent of all the owners.No. If the property is owned by two people and one did not consent to the lease then the lease is invalid. You need the written consent of all the owners.No. If the property is owned by two people and one did not consent to the lease then the lease is invalid. You need the written consent of all the owners.


Where can I lease company cars?

I think people should go to lease trader. Lease trader will give you all the information that you need to tell you where you should lease a car. They make sure that you are happy when you leave there office.


How soon can you cancel a lease without any penalties being incurred?

You need to review your particular lease. A lease is usually enforceable until the termination date in the lease agreement.You need to review your particular lease. A lease is usually enforceable until the termination date in the lease agreement.You need to review your particular lease. A lease is usually enforceable until the termination date in the lease agreement.You need to review your particular lease. A lease is usually enforceable until the termination date in the lease agreement.


When do simple lease agreements need to be signed?

Simple lease agreements need to be signed before moving into a new flat or house. A lease must be signed by both parties, and the lease does not need to be co-signed by a witness.


Where can I find a small property for lease?

I suggest somewhere in a big city. They have tons of property for lease and lots of people live there. All you need is to advertise your business! www.showcase.com


Why do some people need more people than others?

Some people need more sleep than others because of their age and what they do.


Why do people here say anything about the duration of the Guantanmo lease namely forever since the lease itself does not?

Though many people believe the lease does not expire, indeed it may. The first place that termination of the lease is mentioned is in the 1934 Treaty of Relations. In that Treaty, the United States is granted the unilateral right to end the lease. The lease can be terminated by fundamental breach, an implied mutual consent. The base is leased as long for as it is needed, but the determination of need is a factual matter.


I work for a small car dealership that sells Mercedes Benz. If i lease my car and for some reason would have to leave the company would I have to change my lease or forfeit my car?

You would need to talk to the people who manage that program about the stipulations of their lease.


Why should you care for the people in need?

Because if you were to be in need you would want people to care for you. Do unto others as you would like others to do for you.


How to be removed as a co-tenant on a lease?

You need to discuss it with the landlord or someone with authority at the leasing office. Only the maker of the lease can release you from it and you need to get that in writing.You need to discuss it with the landlord or someone with authority at the leasing office. Only the maker of the lease can release you from it and you need to get that in writing.You need to discuss it with the landlord or someone with authority at the leasing office. Only the maker of the lease can release you from it and you need to get that in writing.You need to discuss it with the landlord or someone with authority at the leasing office. Only the maker of the lease can release you from it and you need to get that in writing.


If the apt doesnt measure up how long do you have to terminate the lease?

You need to check the language in your lease to determine what your rights are in terminating the lease.


What costs can you include in a new fixed asset?

Fixed assets are also tangible assets with the following characteristics: (1) for the production of goods, provide services, for rental or administrative purposes; (2) to a term of over one year; (3) high unit price. Classified by economic use of fixed assets, fixed assets can be divided into production and business class business class of all fixed assets of .1 non-production, production and operation class of fixed assets, is the direct service of production, business process various types of fixed assets. Such as the production and management with houses, buildings, machinery, equipment, utensils, tools. 2, non-production business with the fixed assets is not directly serving production and business processes of various fixed assets. Such as dormitories, dining hall, bathrooms, hairdressing room and so the use of housing, equipment and other fixed assets, etc.. Hug the use classification of fixed assets can be divided into fixed assets in use, no use of fixed assets and fixed assets not required. Classification of the ownership of fixed assets can be divided into fixed assets owned fixed assets and rental income. Leased fixed assets are divided into operating lease of fixed assets and fixed assets financed by leasing. The economic use of fixed assets and use of comprehensive classification: 1, production and operation of fixed assets. 2, with fixed assets of non-production operations. 3, leased fixed assets. Means the lease under operating lease of fixed assets to other units. 4, No need for fixed assets. 5, no use of fixed assets. 6, the land. That in the past has accounted for the land alone. Paid for land acquisition compensation fee, should be included in land-related housing, the value of the building, 7, fixed assets financed by leasing. Details of fixed assets subject to classification according to the set, also can directly write the name of the specific device. The use of accounting software have now fixed detailed title. Subjects use a lot, as long as the related fixed assets accounting are required.