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The sales price of the equipment was $520,000, its carrying amount is $400,000, and its estimated remaining economic life is 12 years. Determine the amount of deferred revenue to be reported from the sale of the computer equipment on December 31, 2017.
2013-01-24 · Hi Does anyone have a formula to calculate remaining life for an asset? Example: installdate designlife remlife formula 24/01/2013 30/03/2012 20 Current date.
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The property has an adjusted basis of $150,000 with a remaining recovery period of 10 years and a market value of $450,000 with a remaining economic life of 15 years. small business tax solutions A more rigorous and thorough valuation and analysis of the remaining economic life of the intangible asset would be required in the actual pricing and structuring phase of implementing the intangible asset transfer program.
Windows 10 no longer shows the estimated battery time remaining after the Creators Update. You’ll just see a percentage when you hover over the battery icon-not a.
Definition Remaining economic life is the estimated period of time until the improvements lose their ability to serve their intended purpose as a home.
FHA Minimum Property Requirements in HUD 4000.1: Remaining Economic Life Of The Home. There are instructions to the lender concerning issues such as encroachments, overhead power lines, safety and related issues. HUD 4000.1 has specific language that requires certain aspects of the home be functional for the life of the loan.
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Economic life, not useful life, is used to calculate depreciation by the age-life method. Remaining Economic Life and Why it is Important to Lenders While the appraiser should not be too concerned with the remaining economic life, a lender considers it important when making a loan.
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Calculating the Useful Life of a Fixed Asset. Any asset that has a lifespan of more than a year is called a fixed asset. All businesses use equipment, furnishings, and vehicles that last more than a year. Although they may last longer than other assets, even fixed assets eventually get old and.