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Limited Distribution, Proprietary, Originator Controlled, Law Enforcement Sensitive were designations the Pentagon attempted in 2011 to exempt from President Obama's Executive Order 13556. [ 8 ] The number of designations in use by various branches of the U.S. government for unclassified information eventually numbered more than 100.
Recoverable depreciation is only applicable for replacement cost value (RCV) policies and allows policyholders to recoup the difference between the actual cash value (ACV) and RCV, after providing ...
Replacement cost is the actual cost to replace an item or structure at its pre-loss condition. This may not be the "market value" of the item, and is typically distinguished from the "actual cash value" payment which includes a deduction for depreciation.
Another complication involved in recoverable expense calculations occurs due to changes in occupancy. If an item was being shared equally among tenants based on their area relative to the total building area, when an area is unoccupied that means the remaining tenant's combined payments will no longer cover the entire expense.
Depreciation recapture: When selling a depreciated property, investors face a tax called depreciation recapture. This is how the IRS gets paid the taxes you didn’t pay when you depreciated the ...
The Fraud Enforcement and Recovery Act of 2009, or FERA, Pub. L. 111–21 (text), S. 386, 123 Stat. 1617, enacted May 20, 2009, is a public law in the United States enacted in 2009. The law enhanced criminal enforcement of federal fraud laws, especially regarding financial institutions, mortgage fraud, and securities fraud or commodities fraud.
Roofing material is the outermost layer on the roof of a building, sometimes self-supporting, but generally supported by an underlying structure. A building's roofing material provides shelter from the natural elements. The outer layer of a roof shows great variation dependent upon availability of material, and the nature of the supporting ...
An impairment cost must be included under expenses when the book value of an asset exceeds the recoverable amount. Fixed assets , commonly known as PPE (Property, Plant & Equipment), refers to long-lived assets such as buildings, land, machinery, and equipment; these assets are the most likely to experience impairment, which may be caused by ...