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In commercial real estate, recoverable expenses are those expenses of running a property that are billed back to the tenants as a form of additional rent. A simple example is the electricity bill for a large complex that is then divided up among the tenants .
Deprival value equals the lower of replacement cost and recoverable amount; and Recoverable amount is the higher of net selling price and value in use. An important practical implication of deprival value reasoning is that many assets will be stated at replacement cost, as entities tend to hold and use assets that they can employ profitably and ...
Many statutes at both the federal and state levels allow the winner to recover reasonable attorney's fees, [3] and there are two major exceptions in federal case law as well. [4] Under Rule 54(d) of the Federal Rules of Civil Procedure, [2] federal statutes may supersede the default rule of not awarding attorney fees.
Incident. Amount. Fridge value at the time of purchase in 2018 (i.e., its replacement cost) $1,500. Useful life. 14 years. Depreciation per year. $107 ($1,500 ÷ 14)
The issue of impairment of financial assets exposed deficiencies in the IAS 36 framework during the 2008 financial crisis, and the IASB issued an exposure draft in November 2009 that proposed an impairment model based on expected losses rather than incurred losses for all financial assets recorded at amortised cost. [4]
In the U.S. state of Louisiana, which follows a civil law system, liquidated damages are referred to as "stipulated damages". [21] Prior to 1 January 1985, Louisiana law used the term “penal clause” under former article 2117 of the Civil Code . [ 22 ]
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