Examples of Initial Acquisition Cost in a sentence
College Name/Number: WA State TAG Number: Equipment Description: Quantity:OnePurchase Order Number: Date of Purchase: Manufacturer: Model Number: Serial Number: Initial Acquisition Cost:$ 2.
Initial Acquisition Cost – All costs necessary to bring the asset to the condition and location necessary for its intended use.
Percentage of the Shared Equity is calculated using formula below: Percentage of City’s Shared Equity = (City’s Contribution ÷ Initial Acquisition Cost) x 100 Determining the Percentage of the City of Plano’s Shared EquityPurchase price:$245,000Plus Closing costs excluding any prepayments ofmortgage interest, property taxes, and insurance$8,000= Initial acquisition cost$253,000City’s Contribution$ 55,000Example A: The City’s shared equity is 21.74% of the total equity to be shared.