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Virtually, every taxing jurisdiction relies on self-reporting of property additions and deletions. Annual reports are submitted. Municipalities then keep records by taxpayer showing on a cumulative...
A standard of value is a choice for the way value is sought in any transaction or the type of value used in a specific transaction....
Insurance protection minimizes risk of loss. Casualty insurance covers such items as fire loss and water damage. The premiums are typically paid in advance and debited...
Considerable confusing discussion has occurred for years on the subject of valuing property, plant, and equipment. Much of the confusion comes about as a result of...
In a troubled debt restructuring, the debtor has financial problems and is relieved of part or all of the obligations. The concession arises from the debtor-creditor...