Tangible capital asset definition

Tangible capital asset means an asset that has physical substance, more than minimal value, and is expected to be held by an enterprise for continued use or possession beyond the current accounting period for the services it yields.

Tangible capital asset means an asset that has physical substance, more than minimal value, and is ex- pected to be held by an enterprise for continued use or possession beyond the current accounting period for the serv- ices it yields.(b) The following modifications of terms defined elsewhere in this chapter99 are applicable to this Standard: None.9904.414–40 Fundamental require- ment.

Tangible capital asset means an asset that has physical substance, more than minimal value, and is ex- pected to be held by an enterprise for continued use or possession beyond the current accounting period for the serv- ices it yields.

Examples of Tangible capital asset in a sentence

• Tangible capital asset acquisitions are recognized at cost, which includes amounts that are directly related, such as design, construction, development, improvement or betterment of the assets, and costs associated with asset retirement obligations.

• Tangible capital asset cost less any estimated residual value is amortized on a straight-line basis over estimated useful lives as follows: Asset CategoryUseful Life Range (years)Landn/aLand Improvements15 - 50Building20 - 50Equipment, Furniture & Vehicles5 - 20Engineering StructuresWater 25 - 75Sewer45 - 75Wastewater30 - 75Solid Waste20 - 50Transportation20 - 50 Assets under construction are not amortized until the asset is available for productive use.

• Tangible capital asset expenditures exceeding the following thresholds per major category are capitalized.

• Tangible capital asset acquisitions are recorded at cost, which includes amounts that are directly related, such as design, construction, development, improvement or betterment of the asset.

• Tangible capital asset policies of government business enterprises entities that are consolidated in the financial statements are not adjusted to conform to First Nation policies.

More Definitions of Tangible capital asset

Tangible capital asset. (TCA) means an item that 1) Satisfies the definition of a tangible capital asset. 2) Has a value that can be measured.

Tangible capital asset. (TCA) means an item that

Tangible capital asset means an asset of the Toquaht Nation that

Tangible capital asset means a non-financial asset having physical substance that:

Tangible capital asset means assets having physical substance that are:

Tangible capital asset means an asset that has physical substance, more than minimal value, and is ex- pected to be held by an enterprise for continued use of possession beyond the current accounting period for the serv- ices it yields.(b) The following modifications of terms defined elsewhere in this chapter99 are applicable to this Standard: None. 9904.417–40 Fundamental require- ment.The cost of money applicable to the investment in tangible and intangible capital assets being constructed, fab- ricated, or developed for a contractor’s own use shall be included in the cap- italized acquisition cost of such assets. 9904.417–50 Techniques for applica- tion.

Tangible capital asset means an asset that has physical substance, more than minimal value, and is expected to be held by an enterprise for continued use or possession beyond the current accounting period for the service it yields.(b) The following modifications of terms defined elsewhere in this chapter 99 are applicable to this Standard: None. 9904.404-40 Fundamental requirement.