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What does it mean to borrow against an asset?
Borrowing against an asset means using the value of that asset as collateral to obtain a loan. This allows the borrower to access funds based on the asset's worth, with the understanding that if the loan is not repaid, the lender can take possession of the asset.
What does the term finance lease mean?
The Term "Finance Lease" means that the customer will pick an asset such as a vehicle and the lender will purchase the asset. The customer will be able to use the asset while they pay installments or rental fees, with the option to purchase the asset.
What is the differences between impairment and depreciation?
Depreciation means the depreciable amount of an asset (cost/revalued amount less residual value) is allocated on a systematic basis over its useful life.Depreciation = Depreciable amount / Useful lifeImpairment means when an asset/s carrying amount is exceeds its recoverable amount, the amount over recoverable amount should be write off from carrying amount and present in Balance Sheet. This process is call as ImpairmentAn impairment (loss) is the amount by which the carrying amount (i.e. balance sheet value) of an asset or cash-generating unit exceeds its recoverable amount.Impairment = Carrying value - Recoverable amountIf there is any indication that an asset may be impaired, the entity should estimate its recoverable amount. If the recoverable amount is less than the carrying amount, the carrying amount of the asset should be reduced to the recoverable amount.
What does replacement cost theory means?
Replacement cost theory means the amount it would cost to replace an asset at current prices. If the cost of replacing an asset in its current physical condition is lower than the cost of replacing the asset so as to obtain the level of services enjoyed when the asset was bought, then the asset is in poor condition and the firm would probably not want to replace it...In short the theory basically argues that old companies should be valued on the basis of the amount of money which would be required to create another such company...
What is a asset?
a asset means the properties of every description belonging to the trade or the valuable things owned by a business concern. Ex: cash, goods, buildings, machinery, etc., By-Nalini & Raje
What is Asset Reconciliation?
Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.
What is residual fibrosis?
Residual means the fibrosis was left behind as permanent scarring of the lungs, after whatever disease was gone. You get residual scarring or fibrosis after some lung infections. Fibrosis means it looks like fine threads or fibers on the x-ray. Residual anything is a leftover.
What is gross prostatomegaly is noted with significant postvoid residual?
Prostatomegaly means that the prostate is enlarged. Post-void residual means that the bladder does not completely empty after you pee.
What does it mean to say that a data point has a residual of zero?
If a data point has a residual of zero, it means that the observed value of the data point matches the value predicted by the regression model. In other words, there is no difference between the actual value and the predicted value for that data point.
What is difference between fixed asset and non current asset in detail?
assests means
What is the meaning of regressing ptb with residual fibrosis right upper lobe?
PTB means pulmonary tuberculosis. It heals with residual fibrosis.
What decreases an asset and liability?
Decrease in asset means being using of it decreases and liability decrease means payable of debts decreases.
What is useful life of an asset?
Useful life of an asset means the time for which any asset is usable in business for generating revenue for business.
What is the cost in excess of billing in long term construction contracts?
Cost in Excess of Billing is an Asset Account that means the contract is under-billed. Actual billings are less than Revenue Earned.
What does the medical term Minimal residual hepatic parenchyma mean?
Minimal residual hepatic parenchyma means there's not much functional liver left.
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.
Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
