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-1
votes
0answers
9 views

How to represent claim of insurance in balance sheet? [on hold]

Suppose, A firm has done insurance of their goods. In the following year, the $100 goods of firm get destroyed and firm claims insurance company for the destroyed goods. The insurance company gives $...
0
votes
1answer
27 views

Difference between double declining balance and reducing balance

As I understand it if we have a double declining balance asset worth £10,000, declining over 10 years, we will depreciate by an annual rate of 20%. But I have also been told that double declining is ...
0
votes
1answer
47 views

Balance sheet, what does the number behind intangible assets mean?

Simple question, if a companies balance sheet shows it has intangible assets of 30,000, does this mean that the company has earned $30,000 by selling lets say software licenses, or the value of that ...
0
votes
1answer
91 views

How can I optimise a portfolio of traditional & alternative assets?

Standard risk optimisation of a traditional assets (like stocks and bonds) is pretty straight forward, I have been optimising and backtesting a stock, bond & REIT portfolio on Swanest. I am ...
0
votes
2answers
63 views

Who are the “root” owners of assets? [closed]

I'm trying to make a bit of sense of ownership of companies. You mostly have a chain of ownership like Company A is partially owned by Company B, who is partially owned by Investment Fund C, who is ...
3
votes
1answer
97 views

Is there a term for total money owed to you?

Is there a word, in finance, for the total amount of money owed to you? That is, for money you "have" but you don't have yet. For example, if I have $10k in the bank, and a total of $20k open ...
0
votes
1answer
87 views

What are “equity assets”?

The definition of equity and the definition of asset are explained in many posts and across the Internet. However, it doesn’t seem possible to me to derive the meaning of "equity assets" from them. ...
2
votes
1answer
68 views

Which are assets? Which are liabilities? [closed]

Way to financial independence is buying assets instead of liabilities, right? Can anyone give list of popular assets? By assets I mean things which create money and by liability I mean things which ...
3
votes
1answer
62 views

Selling assets while on Service Canada Disability

I'm receiving disability payments via Service Canada, topped up by private long term disability. I have an opportunity to sell a non-real estate, virtual asset worth about $9500, which is considerably ...
1
vote
1answer
3k views

Does CAPEX include intangible assets?

CAPEX is defined here as funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. The video states that "the value of the capital ...
8
votes
3answers
10k views

What is the difference between equity and assets?

I am (going to be) using GNU Cash, which uses the double-entry method; I use it for personal finance. Reading various tutorials for GNU cash, it lists 5 types of accounts: income, expense, assets, ...
1
vote
1answer
87 views

Must tangible assets be depreciated or can I take a one-time expense? [closed]

Let's say my company purchases some tangible/fixed/long-term asset. Am I required to take a prorated depreciation expense each year for the life of the asset? Do I have the option to report the ...
5
votes
1answer
815 views

Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?

I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
0
votes
1answer
293 views

How do I calculate my net worth according to the book “The Millionaire Next Door”?

I remember reading about PAWs, UAWs, and AAWs. I also remember that the formula for what your net worth should be on average (to be an AAW) is your income (without inheritance[s]) multiplied by one ...
-1
votes
2answers
54 views

understanding percentage logic for an ETF holdings

I am looking into some ETF's and i came across something which I didn't understand. Some of the information that I am looking into are Total Holdings, Top 10 holdings and percent assets in Top 10. ...
-2
votes
1answer
60 views

What is a term for the elements of a balance sheet?

What is a term for the elements of a balance sheet? Specifically I need a term that includes assets, liabilities, and owners equity. This term (t) needs to be one where I can say x "is a" t where x ...
0
votes
0answers
51 views

Options contract calculator - for non-equities

All of my options calculators are within stock trading platforms, or readily found on the internet and require stock/index symbols. I am trading illiquid options over the counter, on an asset. I have ...
0
votes
1answer
65 views

Is an interest-free loan to a charity an asset when applying for financial aid

We have an opportunity to sell our house for a great deal more than we paid for it. We plan to buy another house but will have $50,000 to $100,000 left in cash. We also have children in college for ...
1
vote
2answers
157 views

Total assets and current assets

I was looking into company investment data and was doing some ratio calculation when I stumbled upon 4 Terms "Total Assets", "Current Assets", "Total Liabilities", "Current Liabilities". My instinct ...
1
vote
0answers
53 views

Nominating a non-citizen to be the recipient of assets

I am a Canadian citizen with several savings accounts and fixed deposits in Canadian banks. However, my family members are not citizens of Canada. If something were to happen to cause me to not be ...
-1
votes
1answer
504 views

few question about debit credit and liabilities [closed]

i have few question about accounting terms, please help me to figure it out these term and debit and credit flow to our company account. 1) i sold 500$ cost products on account, buyer will pay me in ...
10
votes
4answers
15k views

What's a normal personal debt / equity ratio for a highly educated person?

I'm trying to figure out what a bad / normal / good personal debt / equity ratio is. Most sites deal with debt / income ratio, which is a cashflow metric, and I want to focus on assets / obligations. ...
1
vote
1answer
106 views

How should I keep track of my financial assets across borders and currencies?

I'm an expat and am curious: Is there any better way out there to manage my various assets in differing currencies across borders and markets? Currently, I just use a spreadsheet, but it is becoming ...
1
vote
2answers
626 views

How do I calculate my own assets?

What should I include in my asset calculations? How do I know what is an asset and what is a liability?
1
vote
1answer
201 views

Where to record existing assets when starting double-entry accounting

Very rarely would anyone start recording their accounting with zero assets or liabilities. Question is - under which account would you record them? Specifically, if you own property, you would debit ...
5
votes
3answers
8k views

If a company's assets are worth more than its market cap, can one say the shares must be undervalued?

Imagine a company sold a 10% stake in one of its assets to a 3rd party for $100 million. It would be fair to assume that the asset is worth $1 billion. If that company had 200 million shares issued, ...
2
votes
1answer
86 views

What kinds of financial assets have a fixed payment and finite time?

Which kinds of assets have the following properties? Can be bought or sold in some market Pay some pre-specified amount if a pre-specified (but in the present uncertain) event occurs Has fixed ...
8
votes
1answer
1k views

Taxes on Selling a Classic Automobile

When I was in high school, my father-having just had a heart attack-gifted me a classic automobile. This year, he passed away and I ended up selling the car. (The car has been in my name now for ...
0
votes
4answers
524 views

Is real estate considered a depreciable asset?

At the following link defining Capital cost allowance, why do they say that a building is a depreciable property: Capital cost allowance (CCA) A yearly deduction or depreciation on the cost ...
12
votes
1answer
751 views

Can a gift be re-gifted before a Chapter 7 Bankruptcy?

About a month or so ago, I gave a family member $10k to purchase a car, because he needed a reliable car for his two hour commute. He's going through some financial trouble, and is now looking to ...
0
votes
1answer
887 views

Adding some more value to some existing fixed asset

Suppose i have a computer system worth $600 which i purchased on 1-jan-2012 and now i have purchased more RAM on 6-7-2012, how to do this kind of transactions properly. How to add value to an asset? ...
9
votes
2answers
510 views

How to fill the IRS Offer In Compromise with an underwater asset?

I owe about $6k in back taxes, and simply don't have the money--it's hard for me to find even minimum wage jobs in the current economy, and I am burdened with consumer debt. After speaking with the ...
0
votes
2answers
178 views

How to measure the cost/value of an Asset in the Financial Statement

I am currently working on my own Financial Statements. I have several blogs and derive considerable income from it then i decided to put all the assets and liabilities in the books. My problem is ...
15
votes
6answers
21k views

Legitimate unclaimed property that doesn't appear in any state directory?

I received a letter from 'Legal Claimant Services', a division of Keane claiming that my recently-deceased father has some assets in a Georgia bank. Of course, for a fee, they would help me recover ...
0
votes
2answers
334 views

Expensive agenda book/organizer. Office expense or fixed asset?

I am unsure how to book an agenda book/organizer that was purchased for our business. Normally I book office/organizational expenses (notebooks, printer ink, etc.) as "Office Expenses" but the cost ...
10
votes
5answers
1k views

For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it?

I recently was a good little consumer and picked up a relatively expensive set of new home furnishings, some furniture, a TV, some other electronics ... items of that nature (don't worry, been ...
4
votes
3answers
3k views

What is an “International Equity”?

I'm an investment newbie, and I'm trying to understand the terminology. On the website for a certain investment firm, the main types of assets are: Large Cap Equity Small Cap Equity International ...
13
votes
10answers
3k views

What assets would be valuable in a post-apocalyptic scenario?

In spite of the tendency for people to think of gold and diamonds as an emergency store of value for a shit-hits-the-fan scenario, I have a hard time understanding how owning physical gold would ...
7
votes
2answers
204 views

Locating all the deceased's assets in the UK

Is there anyway, in the UK, for an executor of a will to locate all the deceased person's assets? Or, to put it another way, how can one be sure that all the deceased person's assets have been located?...