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Questions tagged [assets]

The tag has no usage guidance.

3
votes
3answers
2k views

Understanding my company's liabilities

I am seeking to close a UK business I own but I am worried about being hit with a huge tax bill. I have been provided a balance sheet which states the following: TOTAL ASSETS LESS CURRENT ...
1
vote
1answer
163 views

How to calculate my financial healthiness?

I came across this website that could calculate how healthy my financial standing is by asking ten questions. https://www.nerdwallet.com/blog/financial-literacy/ But I feel those ten questions are ...
1
vote
2answers
243 views

Receive liability as a present

My parents in law want to give my kids a used car as a present for their 17th birthday (about 8000 dollars). I know that this is going to add about 250 monthly on gas+taxes+maintenance to our expenses....
-2
votes
5answers
219 views

Being better off when deep in debt? [closed]

Who is at a better economical position? Has no debt, no property Has 101 million in debt and 100 in property Looking at the numbers, I'll say 2 is -1 million. So deep in debt. But somehow ...
2
votes
1answer
128 views

What low cost assets can I invest in? [duplicate]

I'm 22 years old and have some money saved up, sitting in the bank. The idea was to buy a house, but in my country (the Netherlands) the costs of properties have raised significantly. If I would buy ...
-3
votes
3answers
280 views

How much of America is wealthy? [closed]

When you walk around and see all the things in America, I can't help but think that someone owns it: the buildings, houses, businesses, cars, luxury cars, coin collections, YouTube millionaires, ...
1
vote
1answer
58 views

What reason do we have to believe ratings agencies will do their jobs on ABS's?

I was reading: http://people.stern.nyu.edu/igiddy/ABS/absasia.pdf for a high level overview of the construction of Asset Backed Securities as I found out recently that securitization has come to an ...
34
votes
12answers
15k views

Is a house an asset?

Intro: I'm 21 and I do not know anything about personal finance. I want to start learning because I strongly believe that this is a very important and necessary attribute to learn. I have read ...
-1
votes
2answers
116 views

How do asset managers make money

I understand that asset managers and mutual funds earn income through the fees they charge investors. However, if my understanding is correct that is usually applied at the end of the year. So how do ...
2
votes
1answer
56 views

Disposing of hardware item from current assets, is the reduction in assets posted to equity or special loss account?

I'm disposing of an old laptop that is broken and completely unusable. Let's say it was purchased for $1000 before taxes, already been accounted for in Current Assets since the date of purchase, and ...
1
vote
1answer
79 views

Do GnuCash Income entries ever stop contributing to the Income Account's total?

I'm building a personal budget in GnuCash and after entering my starting equity, I've added my new paycheck in the Income section of my budget. I've entered it as transferred to my Checking Account ...
4
votes
1answer
81 views

When and how to create a will document Vs. inheritance rules

I few questions related to will: Q1: Is there any particular kind of assets for which you must have a will document or inheritance rules are sufficient? In particular: Real Estate Automobile ...
1
vote
1answer
75 views

Trying to understand 'assets' of an electrical energy distribution company in this context [closed]

Extracted from text: Another new potential role for distribution companies is in the deployment of innovative technologies such as distributed storage, EV recharging infrastructure, and ...
0
votes
1answer
113 views

Betting against beta

I'm reading this paper by Andrea Frazzini and Lasse Heje Pedersen (http://pages.stern.nyu.edu/~lpederse/papers/BettingAgainstBeta.pdf) - and I have searched on youtube and here aswell but I can't ...
37
votes
7answers
11k views

Why does Warren Buffet consider real estate as productive asset?

In Berkshire Hathaway 2011 letter, Buffet said that: My own preference – and you knew this was coming – is our third category: investment in productive assets, whether businesses, farms, or real ...
4
votes
2answers
486 views

How to calculate return for “negative” investment

I'm tracking a few investments, with a simple formula for total (non-annualised) return, which is (current_value - money_invested) / money_invested. For one of my investments, however, I already ...
1
vote
0answers
35 views

Meaning of negative stockholder equity [duplicate]

In McDonald's 2016 annual report Balance Sheet, it shows Total Liabilities is greater than Total Assets. So it's Total Stockholder's Equity appears to be negative, with these fields reported as ...
6
votes
1answer
207 views

Protecting assets against addictions

How would you pass or gift assets to a person with a gambling addiction? I suppose a drug addiction would be easier to deal with, since in this case the addicted person won't be able to blow it all ...
3
votes
3answers
212 views

Asset allocation when retirement is already secure

A bit of background information, I currently have a pretty good defined pension plan with my employer, above average salary and ability to contribute to savings, high earning potential, and a low cost ...
-1
votes
4answers
182 views

How to acquire assets without buying them? [closed]

A friend named Bob told me that he knows a guy who owns a shopping mall. I asked him how his friend owns this shopping mall, but he doesn't know how. How does one just own a shopping mall? I've been ...
3
votes
2answers
135 views

Coin collection evaluation process

What are some of the ways to research a coin collection you inherited.
5
votes
1answer
209 views

What happens to your assets if there is no heir?

I have read a lot of articles about what happens if you die without a will in a variety of situations (married, single, domestic partners, with/without children, etc.). Most "extreme" is that you die ...
1
vote
0answers
29 views

Section 179 and Closing LLC

I closed my LLC 2016 (sole, no employees), can I take section 179 tax deductions in the 2016 return? Do I need to recapture my previous section 179 deductions?
11
votes
2answers
2k views

Transfer value of a mortgaged house

My mother and I co-own a house (50/50) that is currently mortgaged. It's an investment property, so we collect rent income on it. We're looking at transferring her interest in the property to me, ...
3
votes
2answers
253 views

Are social media accounts (e.g. YouTube, Twitter, Instagram, etc.) considered assets? [closed]

I thought this would be a relevant question to ask here. I saw other similar questions where it was made clear that things like websites and domains are assets and can be worth huge sums of money. ...
4
votes
2answers
5k views

Is a website/domain name an asset or a liability?

To what extent can one consider a domain name and/or website to be an asset vs. liability? Clearly the people who have websites that do make big profits off of them consider them to be valuable, ...
1
vote
3answers
195 views

How should one bequeath a large asset (e.g. real estate) in a way that will cause the least disagreements among multiple heirs

Say that I have a large asset, like a real estate or a valuable possession, that I want to handle in my will. I have three children and would like to bequeath it to them (I don't think it would be ...
29
votes
3answers
4k views

What can my relatives do to minimize their out of pocket expenses on their fathers estate

I live in Florida with my wife; she has a brother and sister who both live in Georgia. We have some questions about the estate of their father who used to live in Pennsylvania but passed away just ...
4
votes
3answers
173 views

Is unrealized gain part of asset?

I'm gathering my assets information (cash, RSP, margin, etc) in an excel to keep track of my saving progress over time. I'm struggling about which amount to put, for example, I invested 1000$ this ...
4
votes
2answers
433 views

Can Warren Buffet's method be distilled into basic steps?

Firstly I'd just like to point out that the following question may flag the reader as some sort of cheap, novice attempt to turn a incredibly complex concept into something fast and easy, like a hack ...
1
vote
0answers
71 views

Spain: non-resident declare assets over 55,000 EUR?

My mother was a resident in Spain previously, however this was before they changed law forcing you to declare all assets over 55,000 Euro. Back then she did not have any assets within the UK. I am ...
0
votes
1answer
2k 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
174 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
102 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
81 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
314 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 ...
1
vote
1answer
290 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
100 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
727 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
13k 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 ...
10
votes
3answers
34k 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
174 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 ...
9
votes
2answers
3k 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 ...
4
votes
2answers
1k 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 ...
0
votes
2answers
72 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
80 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
1answer
80 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
1k 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
66 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
841 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 ...