What Is Included In The Cost Basis Of A Long Lived Asset Essays and Term Papers

  • Asset Impairment of Long Lived Assets

    Cruise Ship Estimated Fair Value Net Book Value Net Carrying Value Nonrecourse Debt Net Working Capital (Directly Attributable) Remaining Useful Life of Asset $3.0 $4.6 $4.0 $0.1 5 years Management is considering three options for the future • Continue normal operations in current area • Move operations...

    1357 Words | 16 Pages

  • Long-Lived Assets

    Long-Lived Assets Long-term assets are defined as resources with economic lives of more than a year that a business possesses and uses in generating revenue. The cost of long-term assets is recognized as an expense in the accounting periods in which the assets are used. The cost of all Long-Lived Assets...

    324 Words | 1 Pages

  • Accounts Receivable, Inventory, Long-lived Assets, Bonds

    Receivable, Inventory, Long-lived Assets, Bonds) 1. GNC has the following information regarding the inventory of its Super Mega, a multivitamins. Assume GNC uses periodic inventory system each quarter and FIFO. a. On July 1, GNC had 200 bottles of Super Mega in stock. Each bottle costs $3. b. On July 15...

    1121 Words | 6 Pages

  • What is a basis

    1. What is a basis? How is a basis relationship used? What is basis risk? Who is exposed to basis risk? Generally, the basis is the cash price of a commodity at a specific location minus the price of nearby futures contract. Since there are numerous cash markets for any one futures market, there are...

    1360 Words | 11 Pages

  • Paper on What I Lived and What I Lived for

    AP Portfolio Question 14: The title of the passage is "Where I Lived, and What I Lived For". The title reflects the idea of the passage. Thoreau is telling the audience what he did. Thoreau conducts an experiment in which he lives in the woods without any assistance from mankind. He does this so...

    512 Words | 2 Pages

  • Where I Lived and What I Lived for

    Henry David Thoreau's Where I lived, and What I Lived For I found Henry David Thoreau?s ?Where I Lived, and What I Lived For? made a very convincing argument. He has many examples to support his beliefs. Thoreau stresses the importance and value of living the simplest life nature affords, which I...

    624 Words | 2 Pages

  • Cost Allocation Basis

    How do banks allocate their costs from the back office to the front office? On what basis are the costs allocated? On what basis do you think would be the most equitable for banks? The various business organizations and banks are seeking tremendous challenges due globalization and its emerging competitive...

    395 Words | 2 Pages

  • Where I Lived and What I Lived For - Thoureau

    ‘Where I lived and What I Lived For’ – Henry David Thoreau Many of Henry D. Thoreau’s ideas are clearly seen in his piece of writing ‘Where I Lived and What I Lived For’. Through his work, not only do we learn about his experience in the woods at Walden Pond, but also about his values and the way...

    868 Words | 3 Pages

  • Long-Term Asset Impairment

    121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of". The statement established accounting standards for the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets to be held and used. The statement also...

    2283 Words | 6 Pages

  • Long Term Asset

    revaluation model The revaluation model is an alternative to the cost model for the periodic valuation and reporting of long-lived assets. IFRS permit the use of either the revaluation model or the cost model, while under GAAP; only the cost model is permitted. Revaluation model changes the carrying amount...

    1848 Words | 7 Pages

  • Asset transformation & transaction cost

    credit unions, insurance companies and pension funds. The existence of financial intermediaries helps to solve and reduce market imperfections. Asset transformation theory deals with difference in the preferences of lenders and borrowers. Lenders also known as savers, prefers to have low risk and...

    466 Words | 2 Pages

  • Cost Principle for Asset Evaluation

    Cost Principle for Computing the Cost of Plant Assets Plant assets are recorded at cost when acquired. This is consistent with the cost principle. Cost includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. The cost of a factory machine, for...

    563 Words | 2 Pages

  • What I Have Lived for

    1021024 English Literature, Class 1 Thursday 10:00-12:00 June 1, 2012 What I have lived for Looking back on my life, there is a question wandering in my mind---what I have lived for. After a long time of contemplating, I find that I have been engaged in three missions in my whole life: overcoming...

    416 Words | 2 Pages

  • what i have lived for

    changing of these passions? Whether it’s the urge to winning a race or parachuting off a plane miles up, that heart pumping, adrenaline, feeling I get is what I would describe fun as. That slow motion time zone I receive in the midst of battling a position for a race is the feeling that cannot be explained...

    546 Words | 2 Pages

  • Where I lived,and what i lived for

    us to find our way and our place in this life; to free ourselves from the chains binding us to society; to determine for ourselves what it is we desire in reality, and what to us, not to society, is false conception. We were all born equal, to the divine right of freedom that nor civilization can revoke...

    519 Words | 2 Pages

  • What I Have Lived for

    What I Have Lived For Three passions, simplistic but overwhelmingly complex have brought me life every waking morning: allowing new beginnings govern my life, merely focus on things within my personal control and living life in harmony by avoiding excess baggage. These passions have carried me throughout...

    367 Words | 1 Pages

  • What I Have Lived For

     What life experiences would you say have shaped your life? Have these events influenced the kind of person you are today? In the seventy- five years I have been blessed with, I have seen the best and the worse life can throw at you. All the events, incidents, the gains, losses, and achievements...

    1056 Words | 3 Pages

  • What If Alexander Lived

    actually named after it, Alexander the Great. However, he was stuck down at a young age by malaria. It wouldn’t be hard to wonder what would have happened if he had lived longer. In order to come to a conclusion, Alexander’s life must be researched and truly focus on the last few years of it. This would...

    561 Words | 2 Pages

  • Analysis of Where I Lived and What I Lived For

    Where I Lived and What I Lived For Analysis Henry David Thoreau, the author of this piece, lived in the mid-1800s. Throughout his life, Thoreau was an author, poet, philosopher, abolitionist, naturalist, tax resister, development critic, surveyor, historian, and leading transcendentalist. The Stanford...

    370 Words | 1 Pages

  • Costs in the Long Run

    Costs in the Long Run Since there are no fixed factors in the long run, there are no long-run fixed costs. For example, the firm may rent more land in order to expand its operations. Its rent bill therefore goes up as it expands its output. All costs, then, in the long run are variable costs. •...

    474 Words | 2 Pages