Question: accounting definition of building improvements

Accounting for Buildings & Improvements | Finance & Business Accounting for Buildings & Improvements
Accounting for Buildings & Improvements
Guidance on establishing when costs for buildings and improvements must be capitalized at the university.
Procedures
1. Purchased Buildings:
2. Construction and Improvements:
3. Fixed Equipment
4. General Improvements
 Accounting for Buildings & Improvements | Finance & Business
Accounting for Buildings & Improvements
Breadcrumb
Home
Financial Services
Accounting & Financial Reporting
Capital Asset Accounting
Accounting for Buildings & Improvements
Guidance on establishing when costs for buildings and improvements must be capitalized at the university. Building & Structure: A building is a structure that is permanently attached to the land, is not infrastructure, and is not intended to be transportable or moveable. Fixed Equipment: Includes furnishings and equipment which are permanently attached or fastened to the building, but are not themselves structural components. They cannot be removed without costly or extensive alterations or repairs to the building. General Improvement: Improvements that cannot be assigned to a building or structure. Construction in Progress (CIP): Accounts are only used at fiscal year-end by Capital Asset Accounting to report the amount of expenditures for projects that are not yet placed in service and ready to be formally capitalized.

Accounting for Buildings & Improvements | Finance & Business

Accounting for Buildings & Improvements
Accounting for Buildings & Improvements
Guidance on establishing when costs for buildings and improvements must be capitalized at the university.
Procedures
1. Purchased Buildings:
2. Construction and Improvements:
3. Fixed Equipment
4. General Improvements

Accounting for Buildings & Improvements | Finance & Business
Accounting for Buildings & Improvements
Breadcrumb
Home
Financial Services
Accounting & Financial Reporting
Capital Asset Accounting
Accounting for Buildings & Improvements
Guidance on establishing when costs for buildings and improvements must be capitalized at the university. Building & Structure: A building is a structure that is permanently attached to the land, is not infrastructure, and is not intended to be transportable or moveable. Fixed Equipment: Includes furnishings and equipment which are permanently attached or fastened to the building, but are not themselves structural components. They cannot be removed without costly or extensive alterations or repairs to the building. General Improvement: Improvements that cannot be assigned to a building or structure. Construction in Progress (CIP): Accounts are only used at fiscal year-end by Capital Asset Accounting to report the amount of expenditures for projects that are not yet placed in service and ready to be formally capitalized.

Business Procedures Manual | 7.4 Buildings and Building Improvements | University System of Georgia 7.4 Buildings and Building Improvements
Business Procedures Manual
Essential business procedural components for University System of Georgia institutions.
7.4 Buildings and Building Improvements
7.4.1 Building Definition
7.4.2 Building Improvement Definition
7.4.3 Depreciation Methodology
7.4.4 Capitalization Threshold
Purchased Buildings
Constructed Buildings
Building Improvements/Replacements
7.4.5 Building Maintenance Expense
 Business Procedures Manual | 7.4 Buildings and Building Improvements | University System of Georgia
Business Procedures Manual
Essential business procedural components for University System of Georgia institutions. 7.4 Buildings and Building Improvements
7.4.1 Building Definition
(Last Modified on May 1, 2017)
A building is a structure that is permanently attached to the land, has a roof, is partially or completely enclosed by walls, and is not intended to be transportable or moveable. 7.4.2 Building Improvement Definition
(Last Modified on May 1, 2017)
Building improvements are capital events that materially extend the useful life of a building or increase the value of a building, or both. A building improvement should be capitalized as a betterment and recorded as an addition of value to the existing building if the expenditure for the improvement meets or exceeds the capitalization threshold, or increases the life or value of the building by 25 percent of the original life or cost. Building improvements meeting the capitalization threshold or increasing the building value by at least 25 percent of the original cost should be recorded as an addition of value to the existing asset using a parent/child asset management relationship. The useful life of the improvement (the “child”) should generally not exceed that of the original asset (the “parent”). However, if the improvement is not an integral part of the original asset, it may possess a different useful life than the parent asset. For example, the useful life of a floor renovation project should not exceed the useful life of the building asset to which it relates because it is an integral part of the building that cannot exist on its own. Alternately, a wing addition to a building could have a useful life that exceeds the life of the building to which it is attached because it did not exist as part of the original asset. Building improvements increasing the building’s useful life by at least 25 percent of the original life period should be capitalized in one of two ways:

Business Procedures Manual | 7.4 Buildings and Building Improvements | University System of Georgia

7.4 Buildings and Building Improvements
Business Procedures Manual
Essential business procedural components for University System of Georgia institutions.
7.4 Buildings and Building Improvements
7.4.1 Building Definition
7.4.2 Building Improvement Definition
7.4.3 Depreciation Methodology
7.4.4 Capitalization Threshold
Purchased Buildings
Constructed Buildings
Building Improvements/Replacements
7.4.5 Building Maintenance Expense

Leasehold Improvements Accounting & Amortization, US GAAP Leasehold Improvements Accounting and Amortization under US GAAP
Leasehold Improvements Accounting and Amortization under US GAAP
4. Bonus depreciation and tax considerations for qualified LHIs
Common examples of leasehold improvements
Accounting for leasehold improvements
Amortization of leasehold improvements
Example of leasehold improvement amortization
Leasehold improvements and AROs
Tax considerations for qualified leasehold improvements
Qualified improvement property for Section 179
Summary
Related articles
 Qualified improvement property ( QIP) is any improvement to the interior of a nonresidential building if such improvement is placed in service after the date the building was first placed in service. QIP excludes expenses that are attributable to a building’s enlargement, elevators/escalators, or the internal structural framework of the building. Make sure to talk to your tax advisors about whether or not your leasehold improvements are qualified for certain tax benefits and tax treatment. Summary
Understanding what types of improvements are considered leasehold improvements is critical to ensuring you are applying the correct accounting treatment. Accounting for leasehold improvements has remained consistent, despite the change in the lease accounting standards. Leasehold improvements are an asset that must be accounted for and amortized over the shorter of the useful life of the improvement or the lease term. Additionally, certain types of improvements may be qualified for Section 179 tax treatment. Make sure to discuss any leasehold improvements you may have with your tax advisors to see if your improvements qualify for any special tax treatment or benefits. Related articles

Leasehold Improvements Accounting & Amortization, US GAAP

Leasehold Improvements Accounting and Amortization under US GAAP
Leasehold Improvements Accounting and Amortization under US GAAP
4. Bonus depreciation and tax considerations for qualified LHIs
Common examples of leasehold improvements
Accounting for leasehold improvements
Amortization of leasehold improvements
Example of leasehold improvement amortization
Leasehold improvements and AROs
Tax considerations for qualified leasehold improvements
Qualified improvement property for Section 179
Summary
Related articles

Qualified improvement property ( QIP) is any improvement to the interior of a nonresidential building if such improvement is placed in service after the date the building was first placed in service. QIP excludes expenses that are attributable to a building’s enlargement, elevators/escalators, or the internal structural framework of the building. Make sure to talk to your tax advisors about whether or not your leasehold improvements are qualified for certain tax benefits and tax treatment. Summary
Understanding what types of improvements are considered leasehold improvements is critical to ensuring you are applying the correct accounting treatment. Accounting for leasehold improvements has remained consistent, despite the change in the lease accounting standards. Leasehold improvements are an asset that must be accounted for and amortized over the shorter of the useful life of the improvement or the lease term. Additionally, certain types of improvements may be qualified for Section 179 tax treatment. Make sure to discuss any leasehold improvements you may have with your tax advisors to see if your improvements qualify for any special tax treatment or benefits. Related articles

Repairs and Capital Improvements | Accounting Office | NDSU Repairs and Capital Improvements
Repairs and Capital Improvements
Early Classification
Project Startup
Repairs vs Capital Improvements
Fund and Project Accounting
Minor Remodeling Projects
Construction Project Numbers and Funds
State Appropriations:
University Appropriations
Other Appropriations
Local Funds:
Account Codes
Codes for Capitalized Costs:
Codes for Repair Costs:
Equipment vs Building Improvements
Department Accounting Responsibilities
Program Codes
 definitions and guidance to help assign costs to funds, project numbers, programs, and account numbers; and identification of specific department responsibilities. At the end of the document are the North Dakota State Board of Higher Education Policies and Procedures related to capital improvements. When the term “project” or “projects” is used in this document, we are referring to the job or work performed. The term “project number” will be used when referring to the Oracle/PeopleSoft project number. Early Classification
In order to have proper accounting of repair and capital improvement projects, the projects need to be analyzed and correctly classified from the beginning. This analysis will determine whether the project is an ordinary repair or an improvement to be capitalized. If the project is considered a capital improvement, the asset category (i.e., equipment, buildings, infrastructure, land improvements) must be determined. After the appropriate classification has been determined, budgets are then reviewed or established in Oracle/PeopleSoft Financial System and the correct accounting codes are assigned. The accounting codes are used as costs are incurred throughout the life of the project.

Repairs and Capital Improvements | Accounting Office | NDSU

Repairs and Capital Improvements
Repairs and Capital Improvements
Early Classification
Project Startup
Repairs vs Capital Improvements
Fund and Project Accounting
Minor Remodeling Projects
Construction Project Numbers and Funds
State Appropriations:
University Appropriations
Other Appropriations
Local Funds:
Account Codes
Codes for Capitalized Costs:
Codes for Repair Costs:
Equipment vs Building Improvements
Department Accounting Responsibilities
Program Codes

definitions and guidance to help assign costs to funds, project numbers, programs, and account numbers; and identification of specific department responsibilities. At the end of the document are the North Dakota State Board of Higher Education Policies and Procedures related to capital improvements. When the term “project” or “projects” is used in this document, we are referring to the job or work performed. The term “project number” will be used when referring to the Oracle/PeopleSoft project number. Early Classification
In order to have proper accounting of repair and capital improvement projects, the projects need to be analyzed and correctly classified from the beginning. This analysis will determine whether the project is an ordinary repair or an improvement to be capitalized. If the project is considered a capital improvement, the asset category (i.e., equipment, buildings, infrastructure, land improvements) must be determined. After the appropriate classification has been determined, budgets are then reviewed or established in Oracle/PeopleSoft Financial System and the correct accounting codes are assigned. The accounting codes are used as costs are incurred throughout the life of the project.

KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act | KBKG KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act
KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act Additional procedural guidance is expected to clarify whether an automatic accounting method change (i.e. Form 3115) can be used to retroactively claim missed QIP deductions. Taxpayers are permitted to file amended returns to fix this for 2018 and 2019, but in the case of pass through entities with many owners, it’s often not practical to do so. The CARES act also slightly changed the definition for Qualified Improvement Property by adding language indicating the improvement must be made by the taxpayer. Qualified Improvement Property is defined as any improvement made by the taxpayer to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168 (k) (3)). QIP specifically excludes expenditures for (1) the enlargement of a building; ( 2) elevators or escalators; ( 3) the internal structural framework of a building
KBKG Insight: It’s unclear if the added language was intended to exclude certain taxpayers from benefiting that did before. For example, will landlords who provide allowances to tenants who then make improvements be affected by this change? Conversely, the language could have been added to clarify that QIP paid for by the previous owner of a building is no longer considered QIP to the new owner.

KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act | KBKG

KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act
KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act

Additional procedural guidance is expected to clarify whether an automatic accounting method change (i.e. Form 3115) can be used to retroactively claim missed QIP deductions. Taxpayers are permitted to file amended returns to fix this for 2018 and 2019, but in the case of pass through entities with many owners, it’s often not practical to do so. The CARES act also slightly changed the definition for Qualified Improvement Property by adding language indicating the improvement must be made by the taxpayer. Qualified Improvement Property is defined as any improvement made by the taxpayer to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168 (k) (3)). QIP specifically excludes expenditures for (1) the enlargement of a building; ( 2) elevators or escalators; ( 3) the internal structural framework of a building
KBKG Insight: It’s unclear if the added language was intended to exclude certain taxpayers from benefiting that did before. For example, will landlords who provide allowances to tenants who then make improvements be affected by this change? Conversely, the language could have been added to clarify that QIP paid for by the previous owner of a building is no longer considered QIP to the new owner.

How to Account for Capital Improvements | Bizfluent How to Account for Capital Improvements
How to Account for Capital Improvements
Record the Capital Improvements
Record Depreciation
Tips
 How to Account for Capital Improvements | Bizfluent
How to Account for Capital Improvements
Jupiterimages/BananaStock/Getty Images
By: Kaye Morris
Updated September 26, 2017
Share It
Share
Tweet
Post
Email
Print
Related
How to Record Depreciation
Learn More →
Capital improvements are improvements made to real property, such as an office building, that extend the useful life of the object for more than 1 year. The Internal Revenue Service sets forth guidelines for classifying items as capital improvements versus repairs and maintenance. Capital improvements are considered fixed assets, and the cost of the improvement is expensed over the useful life of the improvement, while repairs and maintenance are expensed when paid or incurred. Record the Capital Improvements
Create an account in the Fixed Asset section of the general ledger that designates the type of improvement. For example, improvements to the office building would be “Building Improvements.” Record the entire amount of the capital improvement cost as an increase to the Improvements general ledger account. 00:00
00:00 00:00
GO LIVE
Facebook
Twitter
Email
Embed
Speed Normal
Autoplay
An unknown error has occurred
Brought to you by Techwalla
Brought to you by Techwalla
Record the entire amount of the capital improvement cost as a decrease to the checking account used to pay for the improvement. Record Depreciation
Determine the useful life of the improvement as designated by the Internal Revenue Service (IRS). For example, the useful life of a fence is 15 years.

How to Account for Capital Improvements | Bizfluent

How to Account for Capital Improvements
How to Account for Capital Improvements
Record the Capital Improvements
Record Depreciation
Tips

How to Account for Capital Improvements | Bizfluent
How to Account for Capital Improvements
Jupiterimages/BananaStock/Getty Images
By: Kaye Morris
Updated September 26, 2017
Share It
Share
Tweet
Post
Email
Print
Related
How to Record Depreciation
Learn More →
Capital improvements are improvements made to real property, such as an office building, that extend the useful life of the object for more than 1 year. The Internal Revenue Service sets forth guidelines for classifying items as capital improvements versus repairs and maintenance. Capital improvements are considered fixed assets, and the cost of the improvement is expensed over the useful life of the improvement, while repairs and maintenance are expensed when paid or incurred. Record the Capital Improvements
Create an account in the Fixed Asset section of the general ledger that designates the type of improvement. For example, improvements to the office building would be “Building Improvements.” Record the entire amount of the capital improvement cost as an increase to the Improvements general ledger account. 00:00
00:00 00:00
GO LIVE
Facebook
Twitter
Email
Embed
Speed Normal
Autoplay
An unknown error has occurred
Brought to you by Techwalla
Brought to you by Techwalla
Record the entire amount of the capital improvement cost as a decrease to the checking account used to pay for the improvement. Record Depreciation
Determine the useful life of the improvement as designated by the Internal Revenue Service (IRS). For example, the useful life of a fence is 15 years.

Building improvements now eligible for bonus depreciation | Williams-Keepers LLC Building improvements now eligible for bonus depreciation
Building improvements now eligible for bonus depreciation
“Qualified improvement property” definition
Qualification Changes
How this change will affect business owners
OTHER STORIES FOR YOU
Posted By Katie Barthel, CPA on 7-29-2016                | Topics: Articles,
 In 2016 and 2017, 50% bonus depreciation is available to be used on all “eligible property,” according to Internal Revenue Code Section 168 (k). This allowance is reduced to 40% in 2018 and 30% in 2019, and it will not be available in the calendar year 2020 and beyond. Property eligible for bonus depreciation has historically been limited to machinery, equipment, and software. However, with the passage of the PATH Act and beginning after December 31, 2015, the definition of property that is eligible for bonus depreciation is expanded to include “qualified improvement property.” “Qualified improvement property” definition
“Qualified improvement property” is any improvement that has been made to the interior portion of a nonresidential building after the building was originally placed in service. Improvements that are not included in this definition are building additions, an elevator or escalator, or internal structural framework for the building. Fortunately, qualified improvement property comprises most other improvements, including the following: Internal cooling/heating items
Lighting and other electrical
Plumbing
Ventilation
Energy management systems
Permanent floor coverings
Fire protection and alarm systems
Woodwork
Exit signs
Restroom partitions
Building security systems
Permanent but not load-bearing walls
Doors
Ceilings not needed for building stability
Structural components that benefit a common area
Qualification Changes
In 2015 and prior years, building improvements were not eligible for bonus depreciation unless they qualified as one of the following types of property: qualified leasehold improvement property; qualified restaurant property;

Building improvements now eligible for bonus depreciation | Williams-Keepers LLC

Building improvements now eligible for bonus depreciation
Building improvements now eligible for bonus depreciation
“Qualified improvement property” definition
Qualification Changes
How this change will affect business owners
OTHER STORIES FOR YOU
Posted By Katie Barthel, CPA on 7-29-2016                | Topics: Articles,

In 2016 and 2017, 50% bonus depreciation is available to be used on all “eligible property,” according to Internal Revenue Code Section 168 (k). This allowance is reduced to 40% in 2018 and 30% in 2019, and it will not be available in the calendar year 2020 and beyond. Property eligible for bonus depreciation has historically been limited to machinery, equipment, and software. However, with the passage of the PATH Act and beginning after December 31, 2015, the definition of property that is eligible for bonus depreciation is expanded to include “qualified improvement property.” “Qualified improvement property” definition
“Qualified improvement property” is any improvement that has been made to the interior portion of a nonresidential building after the building was originally placed in service. Improvements that are not included in this definition are building additions, an elevator or escalator, or internal structural framework for the building. Fortunately, qualified improvement property comprises most other improvements, including the following: Internal cooling/heating items
Lighting and other electrical
Plumbing
Ventilation
Energy management systems
Permanent floor coverings
Fire protection and alarm systems
Woodwork
Exit signs
Restroom partitions
Building security systems
Permanent but not load-bearing walls
Doors
Ceilings not needed for building stability
Structural components that benefit a common area
Qualification Changes
In 2015 and prior years, building improvements were not eligible for bonus depreciation unless they qualified as one of the following types of property: qualified leasehold improvement property; qualified restaurant property;

Can You Expense Improvements to a Building Under GAAP Accounting? | Small Business - Chron.com Can You Expense Improvements to a Building Under GAAP Accounting?
Can You Expense Improvements to a Building Under GAAP Accounting?
Real Property Depreciation
Qualified Property Improvements
Depreciating Property Improvements
Methods of Depreciation
References
 Can You Expense Improvements to a Building Under GAAP Accounting? | Small Business - Chron.com
Can You Expense Improvements to a Building Under GAAP Accounting? Small Business
|
Accounting & Bookkeeping
|
Accounting
By Jonathan Lister
Generally accepted accounting principles, or GAAP, is a set of standards used by accountants across all areas of business and industry in the United States. This standardizes presentation of financial records and tax documents to make paperwork easier to interpret. GAAP follows the Internal Revenue Service's guidelines for tax deductions, including business property improvements. While these regulations don't allow business owners to immediately expense improvement costs, the IRS does allow businesses to recoup through depreciation. Real Property Depreciation
The IRS doesn't allow tax deductions for improvements made to business locations or rental properties. Improvements to these properties increase the overall value of buildings and extend the useful life under which business owners use the properties to earn income. Since GAAP has legal obligations to conform with tax laws, no business owners or landlords can declare improvements to buildings as expenses for tax deduction purposes. Instead, the IRS requires business owners to depreciate building improvements over a number of years.

Can You Expense Improvements to a Building Under GAAP Accounting? | Small Business - Chron.com

Can You Expense Improvements to a Building Under GAAP Accounting?
Can You Expense Improvements to a Building Under GAAP Accounting?
Real Property Depreciation
Qualified Property Improvements
Depreciating Property Improvements
Methods of Depreciation
References

Can You Expense Improvements to a Building Under GAAP Accounting? | Small Business - Chron.com
Can You Expense Improvements to a Building Under GAAP Accounting? Small Business
|
Accounting & Bookkeeping
|
Accounting
By Jonathan Lister
Generally accepted accounting principles, or GAAP, is a set of standards used by accountants across all areas of business and industry in the United States. This standardizes presentation of financial records and tax documents to make paperwork easier to interpret. GAAP follows the Internal Revenue Service's guidelines for tax deductions, including business property improvements. While these regulations don't allow business owners to immediately expense improvement costs, the IRS does allow businesses to recoup through depreciation. Real Property Depreciation
The IRS doesn't allow tax deductions for improvements made to business locations or rental properties. Improvements to these properties increase the overall value of buildings and extend the useful life under which business owners use the properties to earn income. Since GAAP has legal obligations to conform with tax laws, no business owners or landlords can declare improvements to buildings as expenses for tax deduction purposes. Instead, the IRS requires business owners to depreciate building improvements over a number of years.

What is a Capital Improvement? – HOA Brief What is a Capital Improvement?
What is a Capital Improvement?
Author: Robert M. DeNichilo
 However, the term “capital improvement” is often not defined. This often leads to confusion as to whether an expense requires member approval. “ Capital improvement” is an accounting term. Unfortunately, there is no industry adopted definition of what constitutes a “capital improvement” in the HOA context. A “capital improvement” is often defined as the addition of a permanent structural improvement or the restoration of some aspect of a property that will either enhance the property’s overall value or increase its useful life. This definition of “capital improvement” provides little guidance to a Board as to whether an expense is a “capital improvement” which might require member approval. For example, new roofs on a building both enhance the property’s overall value and increase its useful life. Therefore, they could be considered a “capital improvement”. Treating new roofs as a “capital improvement” may require member approval prior to incurring the expense. Such a requirement would conflict with the Board’s authority to maintain the common area facilities.

What is a Capital Improvement? – HOA Brief

What is a Capital Improvement?
What is a Capital Improvement?
Author: Robert M. DeNichilo

However, the term “capital improvement” is often not defined. This often leads to confusion as to whether an expense requires member approval. “ Capital improvement” is an accounting term. Unfortunately, there is no industry adopted definition of what constitutes a “capital improvement” in the HOA context. A “capital improvement” is often defined as the addition of a permanent structural improvement or the restoration of some aspect of a property that will either enhance the property’s overall value or increase its useful life. This definition of “capital improvement” provides little guidance to a Board as to whether an expense is a “capital improvement” which might require member approval. For example, new roofs on a building both enhance the property’s overall value and increase its useful life. Therefore, they could be considered a “capital improvement”. Treating new roofs as a “capital improvement” may require member approval prior to incurring the expense. Such a requirement would conflict with the Board’s authority to maintain the common area facilities.

What is Qualified Leasehold Improvement Property? What is Qualified Leasehold Improvement Property?
What is Qualified Leasehold Improvement Property? What is Qualified Leasehold Improvement Property? Depreciation
What is Qualified Leasehold Improvement Property? Tamara Hubbard, CPA U.S. GAAP Technical Accounting Editor/Author
July 14, 2020
Tamara Hubbard, CPA U.S. GAAP Technical Accounting Editor/Author
July 14, 2020
Share
Facebook
Twitter
Linkedin
Email
As accounting professionals navigate the transition between ASC 840 and ASC 842, Leases, and consider the changes implemented in the Tax Cut and Jobs Act (TCJA) of 2017 and the Coronavirus Aid, Relief and Economic Security Act (CARES Act) enacted in March 2020, questions regarding the definitions of lease-related terms and proper accounting application are in no short supply. A common question among entities who are installing leasehold improvements is “What is Qualified Leasehold Improvement Property?” Qualified Improvement Property (QIP) is a term found in the Internal Revenue Code, Section 168, and encompasses any improvements made to the interior of a commercial real property. Improvements must be placed into service after the building’s date of service and explicitly exclude expansion of the building, elevators and escalators, and changes made to a building’s internal structural framework. QIP replaces several categories of improvements detailed in tax regulations prior to the TCJA, including Qualified Leasehold Improvement Property. Any property that is subject to the rules of QIP and is leased by a single tenant now falls under the rules for QIP for tax accounting purposes. The new rules under the CARES Act modify the depreciable life of assets falling under this category from 39 years to 15 years, which makes QIP eligible for bonus depreciation and offers taxpayers significant tax-reduction opportunities. This bonus depreciation may be retroactively applied for those entities who placed qualified improvement property into service in the 2018 and 2019 taxable years and may create losses, which could result in tax refunds.

What is Qualified Leasehold Improvement Property?

What is Qualified Leasehold Improvement Property?
What is Qualified Leasehold Improvement Property?

Repairs and Capital Improvements | Accounting Office | NDSU Repairs and Capital Improvements
Repairs and Capital Improvements
Early Classification
Project Startup
Repairs vs Capital Improvements
Fund and Project Accounting
Minor Remodeling Projects
Construction Project Numbers and Funds
State Appropriations:
University Appropriations
Other Appropriations
Local Funds:
Account Codes
Codes for Capitalized Costs:
Codes for Repair Costs:
Equipment vs Building Improvements
Department Accounting Responsibilities
Program Codes
 Repairs and Capital Improvements | Accounting Office | NDSU
NDSU
Accounting Office
Repairs and Capital Improvements
Accounting Office
Navigation
Financial Reports
Accounting Office Information
Accounting Listserv Lists
Accounts Payable
Asset Management
Bank and Investment Accounts
Deposit and Receipting Requirements
Forms
Fraud Hotline
General Ledger
Gift Policies and Guidelines
Moving Expenses
Payments to Foreign Vendors
Payments to Students
PeopleSoft/Finance
Petty Cash and Change Funds
Policy and Procedures
Records Management
Repairs and Capital Improvements
Student Club/Organization General Accounting Guidelines
Taxes
Training
Travel
Questions? Staff
Finance and Administration Departments
Accounting
Budget Office
Center for Child Development
Customer Account Services
Facilities Management
Grant and Contract Accounting
Human Resources/Payroll
Purchasing
University Police and Safety
Vice President for Finance and Administration
Repairs and Capital Improvements
Introduction
Early Classification
Project Startup
Repairs vs Capital Improvements
Fund and Project Accounting
Minor Remodeling Projects
Construction Project Numbers and Funds
Account Codes
Equipment vs Building Improvements
Department Accounting Responsibilities
Program Codes
NDSU must properly account for capital improvement projects: ( 1) to maintain accurate reporting for the State Board of Higher Education, (2) meet audit requirements for financial reporting purposes, and (3) for NDSU management information purposes. This document is intended to provide guidance to NDSU for achieving a proper accounting of repair and capital improvement projects. This document includes a description of the general process; definitions and guidance to help assign costs to funds, project numbers, programs, and account numbers; and identification of specific department responsibilities. At the end of the document are the North Dakota State Board of Higher Education Policies and Procedures related to capital improvements. When the term “project” or “projects” is used in this document, we are referring to the job or work performed. The term “project number” will be used when referring to the Oracle/PeopleSoft project number.

FRB: Financial Accounting Manual Financial Accounting Manual for Federal Reserve Banks, January 2017
Financial Accounting Manual for Federal Reserve Banks, January 2017
Chapter 3. Property and Equipment
30.01 General
30.05 Historical Information
30.06 Publication of Property and Equipment Information
30.10 Land
30.15 Land Improvements
30.20 Building
30.25 Building Machinery and Equipment
30.30 Construction Account
30.40 Examples of Classification of Capitalized Bank Premises Assets
Land Improvements
Building
30.45 Furniture and Equipment
30.46 Examples of Classification of Capitalized Furniture and Equipment Assets
30.47 Methods of Capitalization--Furniture and Equipment
30.50 Equipment
30.55 Pooled Asset Method
30.56 Pooled Asset Depreciation
30.57 Pooled Improvements (or Betterments)
30.58 Disposals and Trade-ins of Pooled Asset Items
30.70 Expenditures for Existing Buildings and Equipment
Additions:
Improvements:
Replacements:
30.71 Capitalization Thresholds
30.72 Capitalization Thresholds Table
30.75 Depreciation
30.76 Depreciation Rate and Salvage Value
30.78 Maximum Useful Lives and Salvage Values Table
30.80 Operating and Capitalized Leases
30.81 Lease Incentives
30.85 Leasehold Improvements
30.86 Amortization of Leasehold Improvements
30.87 Tenant Improvements
30.90 Disposals and Trade-ins
30.95 Asset Impairment
Asset Grouping
Is this asset (group) available for sale?
Evaluating for Impairments
Does the carrying value (book value) exceed the amount that can be recovered (undiscounted net cash flows)?
Asset Fair Value and Impairment Loss Based on the Difference between Carrying Value and Fair Value
Fair Value
Other Costs Associated with Exit Activities
30.96 Sale or Transfer of Assets to Another Office
30.97 Other Real Estate
31.00 Real Estate Reporting Requirements
References
Other Formats
 144, Accounting for the Impairment or Disposal of Long-Lived Assets. Accordingly, write-downs of property and equipment occur periodically as a result of adjusting assets to their estimated fair values. ( See paragraph 30.95 .) Prior to 1996, construction costs for improvements or additions to a building were capitalized as part of the original building only if the addition or improvement significantly increased the useful life of the building beyond the current depreciation schedule or added functionality or space, in accordance with generally accepted accounting principles. In practice, ensuring accounting consistency for large improvement projects became burdensome, especially as some buildings approached the end of their initial useful lives. Since 1996, improvements to existing buildings are evaluated, capitalized, and depreciated as separate assets as a practical expedient. Accordingly, underlying asset values are not adjusted for capitalized improvements regardless of when the underlying asset was acquired. Improvement assets and accumulated depreciation, however, are adjusted if replaced or modified by a subsequent capitalized improvement and charged to depreciation expense. Accounting for Asset Retirement Obligations (FASB ASC Topic 410-20; formerly SFAS 143, as interpreted by FIN 47, requires recording an asset and related liability for conditional asset retirement obligations, such as the legal requirement to remediate environmental hazards in land and buildings (for example, asbestos).

FRB: Financial Accounting Manual

Financial Accounting Manual for Federal Reserve Banks, January 2017
Financial Accounting Manual for Federal Reserve Banks, January 2017
Chapter 3. Property and Equipment
30.01 General
30.05 Historical Information
30.06 Publication of Property and Equipment Information
30.10 Land
30.15 Land Improvements
30.20 Building
30.25 Building Machinery and Equipment
30.30 Construction Account
30.40 Examples of Classification of Capitalized Bank Premises Assets
Land Improvements
Building
30.45 Furniture and Equipment
30.46 Examples of Classification of Capitalized Furniture and Equipment Assets
30.47 Methods of Capitalization--Furniture and Equipment
30.50 Equipment
30.55 Pooled Asset Method
30.56 Pooled Asset Depreciation
30.57 Pooled Improvements (or Betterments)
30.58 Disposals and Trade-ins of Pooled Asset Items
30.70 Expenditures for Existing Buildings and Equipment
Additions:
Improvements:
Replacements:
30.71 Capitalization Thresholds
30.72 Capitalization Thresholds Table
30.75 Depreciation
30.76 Depreciation Rate and Salvage Value
30.78 Maximum Useful Lives and Salvage Values Table
30.80 Operating and Capitalized Leases
30.81 Lease Incentives
30.85 Leasehold Improvements
30.86 Amortization of Leasehold Improvements
30.87 Tenant Improvements
30.90 Disposals and Trade-ins
30.95 Asset Impairment
Asset Grouping
Is this asset (group) available for sale?
Evaluating for Impairments
Does the carrying value (book value) exceed the amount that can be recovered (undiscounted net cash flows)?
Asset Fair Value and Impairment Loss Based on the Difference between Carrying Value and Fair Value
Fair Value
Other Costs Associated with Exit Activities
30.96 Sale or Transfer of Assets to Another Office
30.97 Other Real Estate
31.00 Real Estate Reporting Requirements
References
Other Formats

144, Accounting for the Impairment or Disposal of Long-Lived Assets. Accordingly, write-downs of property and equipment occur periodically as a result of adjusting assets to their estimated fair values. ( See paragraph 30.95 .) Prior to 1996, construction costs for improvements or additions to a building were capitalized as part of the original building only if the addition or improvement significantly increased the useful life of the building beyond the current depreciation schedule or added functionality or space, in accordance with generally accepted accounting principles. In practice, ensuring accounting consistency for large improvement projects became burdensome, especially as some buildings approached the end of their initial useful lives. Since 1996, improvements to existing buildings are evaluated, capitalized, and depreciated as separate assets as a practical expedient. Accordingly, underlying asset values are not adjusted for capitalized improvements regardless of when the underlying asset was acquired. Improvement assets and accumulated depreciation, however, are adjusted if replaced or modified by a subsequent capitalized improvement and charged to depreciation expense. Accounting for Asset Retirement Obligations (FASB ASC Topic 410-20; formerly SFAS 143, as interpreted by FIN 47, requires recording an asset and related liability for conditional asset retirement obligations, such as the legal requirement to remediate environmental hazards in land and buildings (for example, asbestos).

Qualified Improvement Property | Bloomberg Tax & Accounting Qualified Improvement Property
Qualified Improvement Property
Last Updated Jan. 26, 2021
What is considered qualified improvement property?
Subscriber-only resource: OnPoint: Qualified Improvement Property
How does the CARES Act affect qualified improvement property?
Download: Cost Segregation and Fixed Assets: What You Need to Know
What is the bonus depreciation rate for QIP?
In Brief: Correcting the “Retail Glitch”
What tax opportunities are offered under the CARES Act by reclassification of QIP?
Subscriber-only resource: Portfolio 532-2nd: First-Year Expensing and Additional Depreciation
Key IRC Sections
§168
§179
Tax Research and Practice Tools
Portfolio 531-3rd: Depreciation: MACRS and ACRS
Cost Recovery of Building Improvements Placed in Service 2004–Present
Tax Practice Series: Depreciation of Realty and Tangible Property
 Qualified Improvement Property | Bloomberg Tax & Accounting
TOPIC
Qualified Improvement Property
Last Updated Jan. 26, 2021
Qualified improvement property is an improvement made by the taxpayer to an interior portion of a nonresidential building if the improvement is placed in service after the building was first placed in service. Any enlargement of the building, any elevator or escalator, and any internal structural framework do not qualify. Qualified improvement property is depreciated using the straight-line depreciation method. Definition CARES Act Bonus Depreciation Tax Opportunities Resources
What is considered qualified improvement property? To qualify, the improvement must be: – Made by the taxpayer
– Made to an interior portion of a nonresidential (commercial, retail, factory) building
– Made to a building that is already in service
Exclusions include: – Building enlargements
– Elevators and escalators
– Internal structural framework
Subscriber-only resource: OnPoint: Qualified Improvement Property
Download this presentation to learn about the key takeaways from the CARES Act provisions related to qualified improvement property. How does the CARES Act affect qualified improvement property?

Qualified Improvement Property | Bloomberg Tax & Accounting

Qualified Improvement Property
Qualified Improvement Property
Last Updated Jan. 26, 2021
What is considered qualified improvement property?
Subscriber-only resource: OnPoint: Qualified Improvement Property
How does the CARES Act affect qualified improvement property?
Download: Cost Segregation and Fixed Assets: What You Need to Know
What is the bonus depreciation rate for QIP?
In Brief: Correcting the “Retail Glitch”
What tax opportunities are offered under the CARES Act by reclassification of QIP?
Subscriber-only resource: Portfolio 532-2nd: First-Year Expensing and Additional Depreciation
Key IRC Sections
§168
§179
Tax Research and Practice Tools
Portfolio 531-3rd: Depreciation: MACRS and ACRS
Cost Recovery of Building Improvements Placed in Service 2004–Present
Tax Practice Series: Depreciation of Realty and Tangible Property

Qualified Improvement Property | Bloomberg Tax & Accounting
TOPIC
Qualified Improvement Property
Last Updated Jan. 26, 2021
Qualified improvement property is an improvement made by the taxpayer to an interior portion of a nonresidential building if the improvement is placed in service after the building was first placed in service. Any enlargement of the building, any elevator or escalator, and any internal structural framework do not qualify. Qualified improvement property is depreciated using the straight-line depreciation method. Definition CARES Act Bonus Depreciation Tax Opportunities Resources
What is considered qualified improvement property? To qualify, the improvement must be: – Made by the taxpayer
– Made to an interior portion of a nonresidential (commercial, retail, factory) building
– Made to a building that is already in service
Exclusions include: – Building enlargements
– Elevators and escalators
– Internal structural framework
Subscriber-only resource: OnPoint: Qualified Improvement Property
Download this presentation to learn about the key takeaways from the CARES Act provisions related to qualified improvement property. How does the CARES Act affect qualified improvement property?

Accounting for a tenant improvement allowance — AccountingTools
Accounting for a tenant improvement allowance
Related Courses
 If the building is subsequently destroyed or damaged, the lessor writes off the remaining undepreciated balance of the expenditure, which appears in the income statement as a loss. Flow-through arrangement. If the lessor is directly reimbursing the lessee for the cost of leasehold improvements, this is a flow-through arrangement where the lessee does not record any fixed asset associated with the payments. Instead, the lessee is initially paying for the improvements, and those payments are offset shortly thereafter by payments received from the lessor. The Securities and Exchange Commission (SEC) has also noted that when a lessee receives cash under what is judged to be a lease incentive arrangement, the cash inflow should be stated within the operating activities section of the lessee's statement of cash flows as a lease incentive. Also, any payments made for leasehold improvements should be stated within the investing activities section of the statement of cash flows. Related Courses
Accounting for Intangible Assets
Fixed Asset Accounting
Property Management Accounting
Financial structure definition
Installment method definition
CPE Courses /
CPE Courses
CPE Log In
How to Take a Course
State CPE Requirements
State License Information
CPE Survey Form
Group Discounts
Policies
Books /
Books Listed by Title
Articles /
Articles
Topics Index
Site Archive
Podcast /
Accounting Best Practices
Podcast Index
Podcast Summary
Dictionary /
FAQs /
About /
About
Contact
Environmental Commitment
Home /
AccountingTools

Accounting for a tenant improvement allowance — AccountingTools

Accounting for a tenant improvement allowance
Related Courses

If the building is subsequently destroyed or damaged, the lessor writes off the remaining undepreciated balance of the expenditure, which appears in the income statement as a loss. Flow-through arrangement. If the lessor is directly reimbursing the lessee for the cost of leasehold improvements, this is a flow-through arrangement where the lessee does not record any fixed asset associated with the payments. Instead, the lessee is initially paying for the improvements, and those payments are offset shortly thereafter by payments received from the lessor. The Securities and Exchange Commission (SEC) has also noted that when a lessee receives cash under what is judged to be a lease incentive arrangement, the cash inflow should be stated within the operating activities section of the lessee's statement of cash flows as a lease incentive. Also, any payments made for leasehold improvements should be stated within the investing activities section of the statement of cash flows. Related Courses
Accounting for Intangible Assets
Fixed Asset Accounting
Property Management Accounting
Financial structure definition
Installment method definition
CPE Courses /
CPE Courses
CPE Log In
How to Take a Course
State CPE Requirements
State License Information
CPE Survey Form
Group Discounts
Policies
Books /
Books Listed by Title
Articles /
Articles
Topics Index
Site Archive
Podcast /
Accounting Best Practices
Podcast Index
Podcast Summary
Dictionary /
FAQs /
About /
About
Contact
Environmental Commitment
Home /
AccountingTools

What is a Capital Improvement? – HOA Brief What is a Capital Improvement?
What is a Capital Improvement?
Author: Robert M. DeNichilo
 This definition of “capital improvement” provides little guidance to a Board as to whether an expense is a “capital improvement” which might require member approval. For example, new roofs on a building both enhance the property’s overall value and increase its useful life. Therefore, they could be considered a “capital improvement”. Treating new roofs as a “capital improvement” may require member approval prior to incurring the expense. Such a requirement would conflict with the Board’s authority to maintain the common area facilities. Therefore, a better definition for common interest developments is needed for purposes of CC&R restrictions. Some in the industry suggest Associations consider adopting the following definition for capital improvement: A capital improvement is any (i) substantial discretionary addition to the common areas, (ii) voluntary significant upgrade to common area materials, or (iii) discretionary material alterations to the appearance of the development. While adopting such a definition would go a long way towards resolving the confusion caused by the use of an accounting term in the HOA context, even this definition is subject to confusion in its application. A Board would still have to determine if an expense is for a “substantial” discretionary addition or if it is for an “insubstantial” discretionary addition, or if the expense is for a “significant” upgrade to common area or if it is an “insignificant” upgrade.

This definition of “capital improvement” provides little guidance to a Board as to whether an expense is a “capital improvement” which might require member approval. For example, new roofs on a building both enhance the property’s overall value and increase its useful life. Therefore, they could be considered a “capital improvement”. Treating new roofs as a “capital improvement” may require member approval prior to incurring the expense. Such a requirement would conflict with the Board’s authority to maintain the common area facilities. Therefore, a better definition for common interest developments is needed for purposes of CC&R restrictions. Some in the industry suggest Associations consider adopting the following definition for capital improvement: A capital improvement is any (i) substantial discretionary addition to the common areas, (ii) voluntary significant upgrade to common area materials, or (iii) discretionary material alterations to the appearance of the development. While adopting such a definition would go a long way towards resolving the confusion caused by the use of an accounting term in the HOA context, even this definition is subject to confusion in its application. A Board would still have to determine if an expense is for a “substantial” discretionary addition or if it is for an “insubstantial” discretionary addition, or if the expense is for a “significant” upgrade to common area or if it is an “insignificant” upgrade.

What are Land Improvements? - Definition | Meaning | Example What are Land Improvements?
What are Land Improvements?
What Does Land Improvement Mean?
Example
 What are Land Improvements? - Definition | Meaning | Example
What are Land Improvements? Home » Accounting Dictionary » What are Land Improvements? Definition: A land improvement is any type of alteration to the land to make it more usable. Improvements have a limited life and can be depreciated unlike land. What Does Land Improvement Mean? When a company buys a building, the building is usually depreciated of its useful life. The land that is purchased with the building, however, does not get depreciated. Why, you might ask?

What are Land Improvements? - Definition | Meaning | Example

What are Land Improvements?
What are Land Improvements?
What Does Land Improvement Mean?
Example

What are Land Improvements? - Definition | Meaning | Example
What are Land Improvements? Home » Accounting Dictionary » What are Land Improvements? Definition: A land improvement is any type of alteration to the land to make it more usable. Improvements have a limited life and can be depreciated unlike land. What Does Land Improvement Mean? When a company buys a building, the building is usually depreciated of its useful life. The land that is purchased with the building, however, does not get depreciated. Why, you might ask?

CARES Act Makes Qualified Improvement Property Eligible for Bonus Depreciation | Wolters Kluwer CARES Act Makes Qualified Improvement Property Eligible for Bonus Depreciation
CARES Act Makes Qualified Improvement Property Eligible for Bonus Depreciation
Bonus depreciation of QIP
QIP definition clarified
Taking action: Form 3115 and amended return options
Automatic accounting method changes
Bonus depreciation elections and QIP
Other election-out considerations
Wolters Kluwer United States
 The technical correction in the CARES Act has no impact on this property. QIP definition clarified
QIP is an internal structural improvement (section 1250 property) made to nonresidential real property after the real property is placed in service. However, QIP does not include expenditures attributable to: the enlargement of a building,
an elevator or escalator, or
the internal structural framework of a building. The CARES Act clarifies that the improvement must be “made by the taxpayer.” This means that a taxpayer may not purchase real estate and treat improvements previously made by the seller as QIP. However, this requirement is not expected to affect lessors who gave construction allowances to tenants that allow them to depreciate improvements the tenants built. Taking action: Form 3115 and amended return options
Taxpayers who filed returns that used a 39-year recovery period to depreciate post-2017 QIP file a Form 3115, Application for Change of Accounting Method, or an amended return in order to take advantage of the new 15-year recovery period. However, the IRS has informally confirmed that it will issue additional guidance in the coming weeks.

CARES Act Makes Qualified Improvement Property Eligible for Bonus Depreciation | Wolters Kluwer

CARES Act Makes Qualified Improvement Property Eligible for Bonus Depreciation
CARES Act Makes Qualified Improvement Property Eligible for Bonus Depreciation
Bonus depreciation of QIP
QIP definition clarified
Taking action: Form 3115 and amended return options
Automatic accounting method changes
Bonus depreciation elections and QIP
Other election-out considerations
Wolters Kluwer United States

The technical correction in the CARES Act has no impact on this property. QIP definition clarified
QIP is an internal structural improvement (section 1250 property) made to nonresidential real property after the real property is placed in service. However, QIP does not include expenditures attributable to: the enlargement of a building,
an elevator or escalator, or
the internal structural framework of a building. The CARES Act clarifies that the improvement must be “made by the taxpayer.” This means that a taxpayer may not purchase real estate and treat improvements previously made by the seller as QIP. However, this requirement is not expected to affect lessors who gave construction allowances to tenants that allow them to depreciate improvements the tenants built. Taking action: Form 3115 and amended return options
Taxpayers who filed returns that used a 39-year recovery period to depreciate post-2017 QIP file a Form 3115, Application for Change of Accounting Method, or an amended return in order to take advantage of the new 15-year recovery period. However, the IRS has informally confirmed that it will issue additional guidance in the coming weeks.

KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act | KBKG KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act
KBKG Tax Insight: Qualified Improvement Property (QIP) Technical Correction in CARES Act This rule previously prevented investments in qualified improvement property (QIP) from qualifying for bonus depreciation. With the passing of the CARES Act, the recovery period for QIP is reduced from 39 years to 15 years thus making it eligible for 100 percent bonus depreciation through 2022. This change is retroactive to January 1, 2018. The KBKG Qualified Improvement Reference Chart has been updated accordingly. KBKG Insight: Additional procedural guidance is expected to clarify whether an automatic accounting method change (i.e. Form 3115) can be used to retroactively claim missed QIP deductions. Taxpayers are permitted to file amended returns to fix this for 2018 and 2019, but in the case of pass through entities with many owners, it’s often not practical to do so. The CARES act also slightly changed the definition for Qualified Improvement Property by adding language indicating the improvement must be made by the taxpayer. Qualified Improvement Property is defined as any improvement made by the taxpayer to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168 (k) (3)). QIP specifically excludes expenditures for (1) the enlargement of a building; (

This rule previously prevented investments in qualified improvement property (QIP) from qualifying for bonus depreciation. With the passing of the CARES Act, the recovery period for QIP is reduced from 39 years to 15 years thus making it eligible for 100 percent bonus depreciation through 2022. This change is retroactive to January 1, 2018. The KBKG Qualified Improvement Reference Chart has been updated accordingly. KBKG Insight: Additional procedural guidance is expected to clarify whether an automatic accounting method change (i.e. Form 3115) can be used to retroactively claim missed QIP deductions. Taxpayers are permitted to file amended returns to fix this for 2018 and 2019, but in the case of pass through entities with many owners, it’s often not practical to do so. The CARES act also slightly changed the definition for Qualified Improvement Property by adding language indicating the improvement must be made by the taxpayer. Qualified Improvement Property is defined as any improvement made by the taxpayer to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168 (k) (3)). QIP specifically excludes expenditures for (1) the enlargement of a building; (

Leasehold Definition Leasehold
Leasehold
What Is a Leasehold?
Key Takeaways
Understanding Leaseholds
Types of Leaseholds
Tenancy for Years
Periodic Tenancy
Tenancy at Sufferance
Tenancy at Will
Leasehold Improvements
Example of a Leasehold
Leasehold Interest
Leasehold FAQs
What Is a Leasehold Estate?
How Do You Depreciate Leasehold Improvements?
Which Type of Leasehold Has a Definite Beginning and Ending Date?
The Bottom Line
Article Sources
 Leasehold Definition
Corporate Finance & Accounting Accounting
Leasehold
By
Full Bio
Follow
LinkedIn with Background
Linkedin
Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Learn about our editorial policies
Alexandra Twin
Reviewed by
Full Bio
Follow
LinkedIn with Background
Linkedin
Follow Twitter
Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university. Article Reviewed on May 01, 2021
Learn about our Financial Review Board
Margaret James
Updated May 1, 2021
Table of Contents
Expand
What Is a Leasehold? Understanding Leaseholds
Types of Leaseholds
Leasehold Improvements
Example of a Leasehold
Leasehold Interest
Leasehold FAQs
The Bottom Line
What Is a Leasehold? A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the right to use the property in exchange for a series of scheduled payments over the term of the lease. Renting space in an office building for a company's use or renting a building to be used for a retail store are two examples of a commercial leasehold arrangement. Key Takeaways
A leasehold is an accounting term that refers to an asset or property that a lessee (tenant) contracts to rent from a lessor (property owner) for an agreed-upon time in exchange for scheduled payments. Owners of retail stores often use leasehold arrangements for their businesses rather than constructing their own buildings.

Leasehold Definition

Leasehold
Leasehold
What Is a Leasehold?
Key Takeaways
Understanding Leaseholds
Types of Leaseholds
Tenancy for Years
Periodic Tenancy
Tenancy at Sufferance
Tenancy at Will
Leasehold Improvements
Example of a Leasehold
Leasehold Interest
Leasehold FAQs
What Is a Leasehold Estate?
How Do You Depreciate Leasehold Improvements?
Which Type of Leasehold Has a Definite Beginning and Ending Date?
The Bottom Line
Article Sources

Leasehold Definition
Corporate Finance & Accounting Accounting
Leasehold
By
Full Bio
Follow
LinkedIn with Background
Linkedin
Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Learn about our editorial policies
Alexandra Twin
Reviewed by
Full Bio
Follow
LinkedIn with Background
Linkedin
Follow Twitter
Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university. Article Reviewed on May 01, 2021
Learn about our Financial Review Board
Margaret James
Updated May 1, 2021
Table of Contents
Expand
What Is a Leasehold? Understanding Leaseholds
Types of Leaseholds
Leasehold Improvements
Example of a Leasehold
Leasehold Interest
Leasehold FAQs
The Bottom Line
What Is a Leasehold? A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the right to use the property in exchange for a series of scheduled payments over the term of the lease. Renting space in an office building for a company's use or renting a building to be used for a retail store are two examples of a commercial leasehold arrangement. Key Takeaways
A leasehold is an accounting term that refers to an asset or property that a lessee (tenant) contracts to rent from a lessor (property owner) for an agreed-upon time in exchange for scheduled payments. Owners of retail stores often use leasehold arrangements for their businesses rather than constructing their own buildings.

Balance Sheet Accounts: Current Assets, Long-Term Assets - dummies Balance Sheet Accounts: Current Assets, Long-Term Assets
Balance Sheet Accounts: Current Assets, Long-Term Assets
Current assets
Long-term assets
 The value of the building is based on the cost of purchasing it. The key difference between buildings and land is that the building’s value is depreciated, while the value of the land is not depreciated. Accumulated Depreciation — Buildings: This account tracks the cumulative amount a building is depreciated over its useful lifespan. Leasehold Improvements: This account tracks the value of improvements to buildings or other facilities that a business leases rather than purchases. Leasehold improvements are depreciated as the value of the asset ages. Accumulated Depreciation — Leasehold Improvements: This account tracks the cumulative amount depreciated for leasehold improvements. Vehicles:

Balance Sheet Accounts: Current Assets, Long-Term Assets - dummies

Balance Sheet Accounts: Current Assets, Long-Term Assets
Balance Sheet Accounts: Current Assets, Long-Term Assets
Current assets
Long-term assets

The value of the building is based on the cost of purchasing it. The key difference between buildings and land is that the building’s value is depreciated, while the value of the land is not depreciated. Accumulated Depreciation — Buildings: This account tracks the cumulative amount a building is depreciated over its useful lifespan. Leasehold Improvements: This account tracks the value of improvements to buildings or other facilities that a business leases rather than purchases. Leasehold improvements are depreciated as the value of the asset ages. Accumulated Depreciation — Leasehold Improvements: This account tracks the cumulative amount depreciated for leasehold improvements. Vehicles:

Understanding the Accounting Cycle | Cleverism Understanding the Accounting Cycle
Understanding the Accounting Cycle
WHAT IS ACCOUNTING?
Accounting aids in the decision-making processes of management.
Accounting is useful in tracking the performance and growth of a business.
Accounting communicates to management whether the company is using its resources efficiently or not.
Accounting improves a company’s reputation and credit.
THE ACCOUNTING CYCLE
Timing of the Accounting Cycle
Importance of the Accounting Cycle
For uniformity and consistency
For check and balance
For evaluation of company performance
For compliance
For efficiency of business processes
THE STEPS IN THE ACCOUNTING CYCLE
Step #1 Identification and analysis of business transactions and events
Analysis of the identified transactions involves:
Step #2 Recording of transactions and events in the Accounting Journals
Step #3 Posting of the transactions and events to the Ledger
Step #4 Preparation of the Unadjusted Trial Balance
Step #5 Preparation of Adjusting Entries
Step #6 Preparation of the Adjusted Trial Balance
Step #7 Preparation of the Financial Statements
Step #8 Preparation of Closing Entries
Step #9 Preparation of the Post-Closing Trial Balance
Step #10 Preparation of Reversing Entries
Share your thoughts and experience
 Accounting entails having an effective and strong internal control in place within the company, which means that it facilitates the early detection and discovery of fraud, and prevent the occurrence of potential fraud. Accounting improves a company’s reputation and credit. If a company has a sound accounting system in place, and its accounting records are well kept and updated, it will make it look more appealing to others. This is already an indication of management’s effectiveness and efficiency, and it will also build trust among external parties, such as creditors, banks, financial institutions and regulatory agencies. Do not forget that businesses that seek financing through loans or outside investments are going to be asked to present their financial reports. If accounting is implemented well, these financial reports will be readily available, and help the company acquire the funding it needs. No one is exempt from implementing the accounting process or using the accounting cycle in business. Large multinational companies also employ accountants to do their accounting work for them, which is the same in small businesses. THE ACCOUNTING CYCLE
Defining the “accounting cycle” is easy enough, because it is basically described by the definition of accounting. This cycle makes up the whole process, from identification and measurement of accounting events and recording them until the completion of the accounting process.

Understanding the Accounting Cycle | Cleverism

Understanding the Accounting Cycle
Understanding the Accounting Cycle
WHAT IS ACCOUNTING?
Accounting aids in the decision-making processes of management.
Accounting is useful in tracking the performance and growth of a business.
Accounting communicates to management whether the company is using its resources efficiently or not.
Accounting improves a company’s reputation and credit.
THE ACCOUNTING CYCLE
Timing of the Accounting Cycle
Importance of the Accounting Cycle
For uniformity and consistency
For check and balance
For evaluation of company performance
For compliance
For efficiency of business processes
THE STEPS IN THE ACCOUNTING CYCLE
Step #1 Identification and analysis of business transactions and events
Analysis of the identified transactions involves:
Step #2 Recording of transactions and events in the Accounting Journals
Step #3 Posting of the transactions and events to the Ledger
Step #4 Preparation of the Unadjusted Trial Balance
Step #5 Preparation of Adjusting Entries
Step #6 Preparation of the Adjusted Trial Balance
Step #7 Preparation of the Financial Statements
Step #8 Preparation of Closing Entries
Step #9 Preparation of the Post-Closing Trial Balance
Step #10 Preparation of Reversing Entries
Share your thoughts and experience

Accounting entails having an effective and strong internal control in place within the company, which means that it facilitates the early detection and discovery of fraud, and prevent the occurrence of potential fraud. Accounting improves a company’s reputation and credit. If a company has a sound accounting system in place, and its accounting records are well kept and updated, it will make it look more appealing to others. This is already an indication of management’s effectiveness and efficiency, and it will also build trust among external parties, such as creditors, banks, financial institutions and regulatory agencies. Do not forget that businesses that seek financing through loans or outside investments are going to be asked to present their financial reports. If accounting is implemented well, these financial reports will be readily available, and help the company acquire the funding it needs. No one is exempt from implementing the accounting process or using the accounting cycle in business. Large multinational companies also employ accountants to do their accounting work for them, which is the same in small businesses. THE ACCOUNTING CYCLE
Defining the “accounting cycle” is easy enough, because it is basically described by the definition of accounting. This cycle makes up the whole process, from identification and measurement of accounting events and recording them until the completion of the accounting process.

Real Estate Taxes: Repairs Vs. Improvements | Home Guides | SF Gate Real Estate Taxes: Repairs Vs. Improvements
Real Estate Taxes: Repairs Vs. Improvements
Repair or Improvement
Improvements and Property Taxes
Get the Best Mortgage Rate for You
Improvements and Capital Gains Taxes
Repairs, Improvements and Investment Property
 Capital improvements go beyond keeping property in the same condition, and actually improve it, adding value in many cases. Because of the different natures of these two types of expenditures, the IRS treats them completely differently. Their impact on your taxes can also vary, depending on whether you are working on a personal residence or investment property. Repair or Improvement
Properly differentiating between repairs and improvements can be challenging. On the one hand, the definitions are relatively clear. Repairs are actions that you take that keep your property in sound condition, while improvements are changes that you make to the property that increase its value or its useful life. Replacing a broken light fixture is a repair, while replacing every lighting fixture in a building is generally an improvement. The IRS usually considers a new roof as an improvement rather than a repair, even if it is replacing one that is leaking, since it increases a building's value in most cases. If you are having trouble determining how to treat work that you did on your building, talk to an accountant. Generally speaking, though, repairs don't impact your property's value and don't impact your taxes unless you own investment property.

Real Estate Taxes: Repairs Vs. Improvements | Home Guides | SF Gate

Real Estate Taxes: Repairs Vs. Improvements
Real Estate Taxes: Repairs Vs. Improvements
Repair or Improvement
Improvements and Property Taxes
Get the Best Mortgage Rate for You
Improvements and Capital Gains Taxes
Repairs, Improvements and Investment Property

Capital improvements go beyond keeping property in the same condition, and actually improve it, adding value in many cases. Because of the different natures of these two types of expenditures, the IRS treats them completely differently. Their impact on your taxes can also vary, depending on whether you are working on a personal residence or investment property. Repair or Improvement
Properly differentiating between repairs and improvements can be challenging. On the one hand, the definitions are relatively clear. Repairs are actions that you take that keep your property in sound condition, while improvements are changes that you make to the property that increase its value or its useful life. Replacing a broken light fixture is a repair, while replacing every lighting fixture in a building is generally an improvement. The IRS usually considers a new roof as an improvement rather than a repair, even if it is replacing one that is leaking, since it increases a building's value in most cases. If you are having trouble determining how to treat work that you did on your building, talk to an accountant. Generally speaking, though, repairs don't impact your property's value and don't impact your taxes unless you own investment property.

What Are Cost Accounting Standards? – Finance & Accounting Finance & Accounting What Are Cost Accounting Standards?
What Are Cost Accounting Standards?
Overview
Cost Accounting Standards
Receiving a CAS Exemption
Definitions
Cost Accounting Standards
Direct Costs
Federal Sponsored Award
Indirect (F&A) Costs
Last Reviewed
Resources
Toolkits
Training
Contacts
 Definitions
Cost Accounting Standards
The Cost Accounting Standards (CAS) consist of nineteen standards promulgated by the Cost Accounting Standards Board (CASB) designed to ensure uniformity and consistency in the measurement, assignment, and allocation of costs to contracts with the United States Government. CAS covers a variety of costs such as depreciation, pension plans, personal compensation, indirect costs and other areas of cost accounting. Direct Costs
Costs that can be identified specifically with a particular sponsored award, an instructional activity, or any other institutional activity, or that can be directly assigned to such activities relatively easily with a high degree of accuracy. Costs incurred for the same purpose in like circumstances must be treated consistently as either direct or indirect costs. Where an institution treats a particular type of cost as a direct cost of sponsored awards, all costs incurred for the same purpose in like circumstances shall be treated as direct costs of all other activities of the institution. Federal Sponsored Award
Any Federal grant, contract, or cooperative award received directly by the University of Florida as well as subawards received by the University under Federal Sponsored Awards to other organizations. Indirect (F&A) Costs
Costs incurred for common or joint objectives [of the University] and not readily assignable to a particular sponsored award, instructional activity or other institutional activity, without effort disproportionate to the results achieved. “ Facilities” is defined as depreciation on buildings, equipment and capital improvement, interest on debt associated with certain buildings, equipment and capital improvements, and operations and maintenance expenses. “ Administration” is defined as general administration and general expenses such as the director’s office, accounting, personnel, and all other types of expenditures not listed specifically under “Facilities.” Last Reviewed
04/30/2021:

What Are Cost Accounting Standards? – Finance & Accounting Finance & Accounting

What Are Cost Accounting Standards?
What Are Cost Accounting Standards?
Overview
Cost Accounting Standards
Receiving a CAS Exemption
Definitions
Cost Accounting Standards
Direct Costs
Federal Sponsored Award
Indirect (F&A) Costs
Last Reviewed
Resources
Toolkits
Training
Contacts

Chart Of Accounts
 Stocks
Bonds
Other Long Term Investments
Valuation Allowance for Market Value Fluctuations
Property, Plant, and Equipment
Assets of a durable nature that are used to provide current and future economic benefits to the business. These accounts will normally have a sub ledger that contains a record for each parcel of land, building, or piece of machinery and equipment along with depreciation calculations and amounts. Land
Buildings
Accumulated Depreciation - Buildings (Contra Account)
Building Improvements
Accumulated Depreciation - Building Improvements (Contra Account)
Machinery and Equipment
Accumulated Depreciation - Machinery and Equipment (Contra Account)
Office Equipment
Accumulated Depreciation - Office Equipment (Contra Account)
Computer Equipment
Accumulated Depreciation - Computer Equipment (Contra Account)
Vehicles
Accumulated Depreciation - Vehicles (Contra Account)
Furniture and Fixtures
Accumulated Depreciation - Furniture and Fixtures (Contra Account)
Leasehold Improvements
Accumulated Amortization - Leasehold Improvements (Contra Account)
Computer Software
Accumulated Amortization - Computer Software (Contra Account)
Other Property, Plant, or Equipment
Accumulated Depreciation - Other Property, Plant, or Equipment
Other Noncurrent Assets
All assets that are noncurrent and that do not fit neatly into any of the other categories. Long Term Owner Loans & Advances
Long Term Employee Loans & Advances
Notes Receivable - Long-term principal portion of Long-term Notes
Security Deposits
Intangible Assets
Patents
Organization Costs
Goodwill
Accumulated Amortization (Contra Account)
Liabilities
Formal Definition: Claims by creditors to the property (assets) of a business until they are paid. Informal Definition: Other's claims to the business's stuff. Amounts the business owes to others. Additional Explanation: Usually one of a business's biggest liabilities (hopefully they are not past due) is to suppliers where they have bought goods and services and charged them.

Chart Of Accounts

Plant Fund | Financial Services & Operations | Michigan Tech Plant Fund
Plant Fund
Plant Fund Definition
Capitalization of Plant Fund Assets Definition
Componentization
Capitalization Guidelines
New Construction
Purchase of Existing Buildings
Building Improvements
Site Work
Utilities
Land
Equipment
Capital Leases
Property Trade-In
Gifts
Library Books
Mineral Specimens
 Capitalization of Plant Fund Assets Definition
Physical property acquired by the University by purchase, gift, trade, or fabrication  and which take the form of land, buildings, equipment, improvements to land or buildings,  and other tangible items are capitalized. Financial Services and Operations is responsible for all accounting and budget control  functions for plant fund (construction) projects, and preparation of financial reports. Plant assets are stated at actual or estimated cost at date of acquisition. Construction  is capitalized as expended and reflected in net investment in plant. Current fund  expenditures of $50,000 or greater for renewals and replacements are capitalized only  to the extent that such expenditures represent long-term improvements to properties  or significant alterations, renovations, or structural changes that increase the usefulness  of the building, enhance its efficiency, or prolong its useful life. Equipment is capitalized when the unit acquisition cost is $5,000 or more, the estimated  useful life is one year or longer, and it has the capacity to function without the  assistance of another item
Straight-line depreciation is used when determining the useful life of the following: Land Improvement and Infrastructure—20 years
Buildings—40 years
Computer Equipment—5 years
Equipment—7 years
Library Books—5 years
Componentization
New building construction is capitalized by building components and grouped into three  general components of a building. Building Shell (including construction and design costs)
Building Services Systems (e.g., elevators, HVAC, plumbing system, heating and air-conditioning  system)
Fixed Equipment/Fixtures (e.g., sterilizers, casework, fume hoods)
The same depreciation methods are used at Michigan Tech for F&A purposes and financial  statements. Upon occupation of new construction, component analysis is completed by  the Facilities project engineer. The useful life of each component is as follows:

Plant Fund | Financial Services & Operations | Michigan Tech

Plant Fund
Plant Fund
Plant Fund Definition
Capitalization of Plant Fund Assets Definition
Componentization
Capitalization Guidelines
New Construction
Purchase of Existing Buildings
Building Improvements
Site Work
Utilities
Land
Equipment
Capital Leases
Property Trade-In
Gifts
Library Books
Mineral Specimens

Aviation World: ch=8 Airport Financial Management Aviation World
Aviation World
ch=8 Airport Financial Management
AIRPORT FINANCIAL MANAGEMENT
1-AIRPORT EXPENSES
(a) Operation and Maintenance Costs
(b) Capital Improvement Expenses
2-AIRPORT FINANCIAL ACCOUNTING
3-Operating Expenses
Operating expenses can be divided into four major groupings
1-AIRFIELD AREA EXPENSES
2-TERMINAL EXPENSES
3-HANGARS, CARGO FACILITIES, OTHER BUILDINGS, & GROUNDS EXPENSES
4-GENERAL & ADMINISTRATIVE EXPENSES
LIABILITY INSURANCE
Liability in such instances can stem from
A/P when it is not in usable condition
4-OPERATING REVENUES
A/P operating revenues can be divided into five major groupings
1-AIRFIELD AREA
2-TERMINAL AERA CONCESSIONS
3-AIRLINE LEASED AREAS
4-OTHER LEASED AREAS
5-OTHER OPERATING REVENUE
5-Planning and Administering an Operating Budget
Both short-term and long-term decisions require planning
BUDGET APPROPRIATION
1-Lump Sum Appropriation
2-Appropriation by Activity
3-Line-Item Budget
6-ADMINISTERING AN OPERATING BUDGET
REVENUE STRATEGIES AT COMMERCIAL AIRPORTS
AIRPORT FUNDING
1-GRANT PROGRAM
2-STATE GRANT PROGRAMS
AIRPORT FINANCING
PRIVATE INVESTMENT
PRIVATE INVESTMENT
1-Build, Operate, and Transfer (BOT) Contracts
2-Lease, build, and operate (LBO) agreements
3-Full Privatization
 AIRPORT EXPENSES
AIRPORT FINANCIAL ACCOUNTING
Operating Expenses
OPERATING REVENUES
Planning and Administering an Operating Budget
BUDGET APPROPRIATION
PRIVATE INVESTMENT
1-AIRPORT EXPENSES
A/P expenses fall into two types
(a) Operation and Maintenance Costs
Operation and Maintenance costs consist of those expenses that occur on a regular basis and are required to maintain the current ops at the A/P. Such expenses typically include wages and salary of A/P employees, costs of utilities such as power, water, and telecommunications, and a broad range of regularly needed supplies. (b) Capital Improvement Expenses
Capital Improvement Expenses are very large, periodic expenses which contribute to A/P infrastructure improvement or expansion. Capital improvement expenses include the costs of major construction projects such as airfield and terminal expansion, the acquisition of major utilities such as air rescue and fire fighting vehicles, and the purchase of land for future expansion
2-AIRPORT FINANCIAL ACCOUNTING
Revenues from operations of the Airport are used to cover the airport O&M expenses
Financial accounting is employed to manage the balance of operating revenues and expenses. A/P accounting involves the accumulation, communication, and interpretation of economic data relating to the financial position of an A/P and the results of its ops for decision-making purposes. A/P accounting differs from accounting procedures found in business firms because A/P differ considerably in terms of goals, size, and operational characteristics. As such, it is difficult to derive a unified accounting system that can be used by all A/Ps. System tailored to the needs of a large commercial A/P might be impractical for a small GA A/P or vice versa as A/Ps have different definitions of what elements constitute operating and non-operating revenues and expenses and sources of funds for A/P development. 3-Operating Expenses
Operating expenses can be divided into four major groupings
AIRFIELD AREA
TERMINAL
HANGARS/CARGO/OTHER BUILDINGS & GROUNDS
GENERAL AND ADMINISTRATIVE EXPENSES
1-AIRFIELD AREA EXPENSES
O&M expenses associated with the airfield area include: R/Ws, T/Ws, apron areas, A/C parking areas, & A/F light sys maint
Service on airport equipment
Maintenance on fire equipment and airport service roads
Utilities (electricity) for the airfield. 2-TERMINAL EXPENSES
O&M expenses associated with the terminal include:

Aviation World: ch=8 Airport Financial Management

Aviation World
Aviation World
ch=8 Airport Financial Management
AIRPORT FINANCIAL MANAGEMENT
1-AIRPORT EXPENSES
(a) Operation and Maintenance Costs
(b) Capital Improvement Expenses
2-AIRPORT FINANCIAL ACCOUNTING
3-Operating Expenses
Operating expenses can be divided into four major groupings
1-AIRFIELD AREA EXPENSES
2-TERMINAL EXPENSES
3-HANGARS, CARGO FACILITIES, OTHER BUILDINGS, & GROUNDS EXPENSES
4-GENERAL & ADMINISTRATIVE EXPENSES
LIABILITY INSURANCE
Liability in such instances can stem from
A/P when it is not in usable condition
4-OPERATING REVENUES
A/P operating revenues can be divided into five major groupings
1-AIRFIELD AREA
2-TERMINAL AERA CONCESSIONS
3-AIRLINE LEASED AREAS
4-OTHER LEASED AREAS
5-OTHER OPERATING REVENUE
5-Planning and Administering an Operating Budget
Both short-term and long-term decisions require planning
BUDGET APPROPRIATION
1-Lump Sum Appropriation
2-Appropriation by Activity
3-Line-Item Budget
6-ADMINISTERING AN OPERATING BUDGET
REVENUE STRATEGIES AT COMMERCIAL AIRPORTS
AIRPORT FUNDING
1-GRANT PROGRAM
2-STATE GRANT PROGRAMS
AIRPORT FINANCING
PRIVATE INVESTMENT
PRIVATE INVESTMENT
1-Build, Operate, and Transfer (BOT) Contracts
2-Lease, build, and operate (LBO) agreements
3-Full Privatization

CARES Act provides a fix for the retail glitch CARES Act provides a fix for the retail glitch
CARES Act provides a fix for the retail glitch
TAX ALERT  | April 01, 2020
Background
Implementing the change
 The bill known as the Tax Cuts and Jobs Act (TCJA) eliminated three nonresidential real property categories (qualified leasehold improvement property, qualified restaurant property and qualified retail improvement property) and replaced these categories with a broader category, QIP. The drafters of TCJA removed QIP from the listing of assets included in the definition of qualified property eligible for bonus depreciation. The legislative history for TCJA indicates that Congress intended for QIP to have a 15-year recovery period and thus, continue to meet the requirements for qualified property eligible for bonus depreciation. The final statute, however, did not reflect this intent and QIP, as 39-year property, became ineligible for bonus depreciation after Dec. 31, 2017. Despite the legislative history, the IRS and Treasury concluded that a technical correction needed to occur to allow for QIP to become bonus eligible and issued final regulations forbidding the application of bonus depreciation to QIP. With the passage of the CARES Act, QIP once again qualifies for bonus depreciation. QIP, as modified by the CARES Act, includes any improvement made by the taxpayer to an interior portion of a building which is nonresidential real property if such improvement is placed in service after the date such building was first placed into service. QIP does not include any improvement for which the expenditure is attributable to the enlargement of the building, any elevator or escalator, or the internal structural framework of the building
Implementing the change
For a taxpayer’s 2019 tax return or equivalent current fiscal year return, a taxpayer may generally apply bonus depreciation to QIP or a 20-year ADS recovery period to QIP placed in service during the taxable year. For taxpayers that have already filed their 2019 tax return or current fiscal year return, the taxpayer may file a superseding return or file an amended return to take into account the favorable rules related to QIP placed in service in that taxable year. Alternatively, taxpayers that have already filed their 2019 tax return or current fiscal year return may seek to file a Form 3115, Application for Change in Accounting Method, with their next tax return.

CARES Act provides a fix for the retail glitch

CARES Act provides a fix for the retail glitch
CARES Act provides a fix for the retail glitch
TAX ALERT  | April 01, 2020
Background
Implementing the change

Fully Depreciated Assets (Definition, Examples) | How to Account? Fully Depreciated Assets
Fully Depreciated Assets
What are Fully Depreciated Assets?
Accounting for Fully Depreciated Assets
1) If the Asset has been Fully Depreciated
2) If the Asset has been Sold
Examples of Fully Depreciated Assets
Example #1
Solution:
Example #2
Solution:
Conclusion
Recommended Articles
 The reason for such accounting is because the company continues to use the building for its business operations and would continue to generate benefits for the company in the long term. Unless the company capitalizes any further cost, which will improve the structure, no further depreciation would be allowed to be charged to the asset and will be reported in this manner only at each balance sheet reporting date. If the company plans to sell out the building at the current market value, the entire accumulated depreciation would be written-off against the building & the gain on the sale of assets will be credited to profit & loss a/c as “gain on sale of assets” thus inflating the current years profit by the gain amount. Post this sale; the building will not be reflected in the balance sheet since the same has been sold to a 3 rd party. Conclusion
Thus there are rules and procedures laid down by the accounting bodies of every country to follow the accounting treatment for the fully depreciable assets so that all the companies are comparable to each other. The auditor of the company is required to give an opinion on the true & fairness of the company along with whether all the accounting policies laid down by the statutory bodies are followed by the company or not. Recommended Articles
This has been a guide to what is Fully Depreciated Assets and its Definition. Here we discuss the accounting for fully depreciated assets and journal entries along with Examples. You can learn more about accounting from the following articles –
MACRS Depreciation
Depreciation Rate Calculation
Depreciation Tax Shield Calculation
Accelerated Depreciation Calculation
Reader Interactions

Fully Depreciated Assets (Definition, Examples) | How to Account?

Fully Depreciated Assets
Fully Depreciated Assets
What are Fully Depreciated Assets?
Accounting for Fully Depreciated Assets
1) If the Asset has been Fully Depreciated
2) If the Asset has been Sold
Examples of Fully Depreciated Assets
Example #1
Solution:
Example #2
Solution:
Conclusion
Recommended Articles

The reason for such accounting is because the company continues to use the building for its business operations and would continue to generate benefits for the company in the long term. Unless the company capitalizes any further cost, which will improve the structure, no further depreciation would be allowed to be charged to the asset and will be reported in this manner only at each balance sheet reporting date. If the company plans to sell out the building at the current market value, the entire accumulated depreciation would be written-off against the building & the gain on the sale of assets will be credited to profit & loss a/c as “gain on sale of assets” thus inflating the current years profit by the gain amount. Post this sale; the building will not be reflected in the balance sheet since the same has been sold to a 3 rd party. Conclusion
Thus there are rules and procedures laid down by the accounting bodies of every country to follow the accounting treatment for the fully depreciable assets so that all the companies are comparable to each other. The auditor of the company is required to give an opinion on the true & fairness of the company along with whether all the accounting policies laid down by the statutory bodies are followed by the company or not. Recommended Articles
This has been a guide to what is Fully Depreciated Assets and its Definition. Here we discuss the accounting for fully depreciated assets and journal entries along with Examples. You can learn more about accounting from the following articles –
MACRS Depreciation
Depreciation Rate Calculation
Depreciation Tax Shield Calculation
Accelerated Depreciation Calculation
Reader Interactions

Chart Of Accounts
 All Prepaid Expenses could be recorded in a single account or separate accounts could be used for each different type. Prepaid Insurance
Prepaid Rent
Prepaid Advertising
Prepaid Interest
Other Prepaid Expenses
Other Current Assets
This category includes other current assets that do not neatly fit into any of the other categories. The amounts must be deemed collectible in a relatively short period of time (operating cycle). Notes Receivable - Current principal portion of Long-term Notes
Other Current Assets
Long-Term Investments
Investments that are intended to be held and not converted into cash for an extended period of time (longer than the operating cycle). Reported at current market value by using an allowance for unrealized market gains and losses. Stocks
Bonds
Other Long Term Investments
Valuation Allowance for Market Value Fluctuations
Property, Plant, and Equipment
Assets of a durable nature that are used to provide current and future economic benefits to the business. These accounts will normally have a sub ledger that contains a record for each parcel of land, building, or piece of machinery and equipment along with depreciation calculations and amounts. Land
Buildings
Accumulated Depreciation - Buildings (Contra Account)
Building Improvements
Accumulated Depreciation - Building Improvements (Contra Account)
Machinery and Equipment
Accumulated Depreciation - Machinery and Equipment (Contra Account)
Office Equipment
Accumulated Depreciation - Office Equipment (Contra Account)
Computer Equipment
Accumulated Depreciation - Computer Equipment (Contra Account)
Vehicles
Accumulated Depreciation - Vehicles (Contra Account)
Furniture and Fixtures
Accumulated Depreciation - Furniture and Fixtures (Contra Account)
Leasehold Improvements
Accumulated Amortization - Leasehold Improvements (Contra Account)
Computer Software
Accumulated Amortization - Computer Software (Contra Account)
Other Property, Plant, or Equipment
Accumulated Depreciation - Other Property, Plant, or Equipment
Other Noncurrent Assets
All assets that are noncurrent and that do not fit neatly into any of the other categories. Long Term Owner Loans & Advances
Long Term Employee Loans & Advances
Notes Receivable - Long-term principal portion of Long-term Notes
Security Deposits
Intangible Assets
Patents
Organization Costs
Goodwill
Accumulated Amortization (Contra Account)
Liabilities
Formal Definition: Claims by creditors to the property (assets) of a business until they are paid.

Chart Of Accounts

Fixed asset policies — Controller's Office Fixed asset policies
Fixed asset policies
Categories of fixed assets
Definition of fixed asset criteria
Acquisition/addition of fixed assets
Tagging
Disposal or transfer of fixed assets (including surplus property)
Unallowable disposals and transfers
Allowable disposals and transfers
Depreciation of fixed assets
Fixed asset system
Equipment screening procedures
Ownership of fixed assets
Inventory of fixed assets
Procedures to document the transfer of fixed assets to offsite locations
Equipment qualified for offsite transfer
Fixed asset fines
 Fixed asset policies — Controller's Office
About
Click to expand sub navigation
Our staff
Tax information
Financial reporting
Click to expand sub navigation
Financial policies
Financial statements
Internal control standards
Year-end schedule
Payroll posting dates
Grants & contracts
Click to expand sub navigation
Effort reporting
Post-award guidelines
Click to expand sub navigation
Cost accounting standards
Sponsored agreements and gifts
Roles and responsibilities
Compliance office and committees
Grant establishment
Budget establishment
Pre-award costs
Activation and termination notices
Billing and collection
Cost overruns
Cost sharing
Cost transfers
Direct and indirect costs
Effort reports
Post-award changes and approvals
Program income
Purchasing goods and services
Reporting
Unallowable costs
Extend, close out or release a contract
Transfers to and from other institutions
Record retention
Audits of sponsored programs
Financial management of service centers
Administrative and clerical costs
Salary cap administration
Cost sharing policy
Fixed assets
Click to expand sub navigation
Fixed asset policies
Inventory guide
Cost analysis
Click to expand sub navigation
DHHS rate agreements
Facilities and administrative rates
Fringe benefit rates
Training
Click to expand sub navigation
Banner Finance courses
Banner job aids
Click to expand sub navigation
Program codes
ePrint guide
Effort reporting training
Click to expand sub navigation
ECRT base salary categories
Fiscal handbook
Click to expand sub navigation
Financial topics
Roles and responsibilities
University financial structure
Reconciliations
Grants and contracts training
VCU Reporting Center job aid
Forms
Fixed asset policies
The University has a significant investment in fixed assets, such as land, buildings, fixed and moveable equipment, which are used to carry on the primary missions of instruction, research and public service. The purpose of this policy is to ensure that the University’s fixed assets are acquired, safeguarded, controlled, disposed of, and accounted for in accordance with state and federal regulations, audit requirements, and generally accepted accounting principles. The policy addresses the following issues related to fixed assets: General Policies
Categories of fixed assets
Definition of fixed assets criteria
Acquisition/addition of fixed assets
Tagging
Disposal or transfer of fixed assets (including surplus property)
Depreciation of fixed assets
System used to account for and control
Equipment Screening
Ownership of the University’s fixed assets
Inventory of fixed assets
Procedures to document the transfer of fixed assets to offsite locations
Equipment qualified for offsite transfer
Fixed Asset Fines
Categories of fixed assets
Fixed assets, which meet the appropriate cost and useful life criteria (described in Definition of Fixed Asset Criteria) are grouped in the following categories: Land: Real estate without any land improvements
Land improvements: Onsite sewer and water lines, paving of driveways, parking and other areas, curbs, sidewalks, retaining walls, fences, signs and yard lighting, etc.; Buildings (includes building components): Foundations, walls, floors, windows, doors, stairways, skylights, roof, interior fixtures, fire escapes, storm sash, screens, Venetian blinds, linoleum and tile floor coverings, architectural fees, consultation and legal fees, etc., plumbing and sewage systems, heating systems, ventilating systems, air conditioning systems, electrical fire protection systems, building elevators and service systems
Equipment:

Fixed asset policies — Controller's Office

Fixed asset policies
Fixed asset policies
Categories of fixed assets
Definition of fixed asset criteria
Acquisition/addition of fixed assets
Tagging
Disposal or transfer of fixed assets (including surplus property)
Unallowable disposals and transfers
Allowable disposals and transfers
Depreciation of fixed assets
Fixed asset system
Equipment screening procedures
Ownership of fixed assets
Inventory of fixed assets
Procedures to document the transfer of fixed assets to offsite locations
Equipment qualified for offsite transfer
Fixed asset fines

Plant Fund | Financial Services & Operations | Michigan Tech Plant Fund
Plant Fund
Plant Fund Definition
Capitalization of Plant Fund Assets Definition
Componentization
Capitalization Guidelines
New Construction
Purchase of Existing Buildings
Building Improvements
Site Work
Utilities
Land
Equipment
Capital Leases
Property Trade-In
Gifts
Library Books
Mineral Specimens
 Plant Fund | Financial Services & Operations | Michigan Tech
Also in this section
Plant Fund
Plant Fund Definition
This fund group is used to account for the acquisition, construction, and maintenance  of the University's physical plant and to control the resulting assets. The fund type  categories of the Plant Fund include
Investment in Plant—All long-lived assets in the service of the University, except  those of endowments and similar funds. Renewal and Replacement—Funds transferred to finance maintenance and replacement of  physical assets. Retirement of Indebtedness—Interest and principal payments and other debt service  charges relating to plant fund indebtedness. Unexpended—Unexpended resources from various sources used to finance the acquisition  of plant assets. Capitalization of Plant Fund Assets Definition
Physical property acquired by the University by purchase, gift, trade, or fabrication  and which take the form of land, buildings, equipment, improvements to land or buildings,  and other tangible items are capitalized. Financial Services and Operations is responsible for all accounting and budget control  functions for plant fund (construction) projects, and preparation of financial reports. Plant assets are stated at actual or estimated cost at date of acquisition. Construction  is capitalized as expended and reflected in net investment in plant. Current fund  expenditures of $50,000 or greater for renewals and replacements are capitalized only  to the extent that such expenditures represent long-term improvements to properties  or significant alterations, renovations, or structural changes that increase the usefulness  of the building, enhance its efficiency, or prolong its useful life.

Plant Fund | Financial Services & Operations | Michigan Tech
Also in this section
Plant Fund
Plant Fund Definition
This fund group is used to account for the acquisition, construction, and maintenance  of the University's physical plant and to control the resulting assets. The fund type  categories of the Plant Fund include
Investment in Plant—All long-lived assets in the service of the University, except  those of endowments and similar funds. Renewal and Replacement—Funds transferred to finance maintenance and replacement of  physical assets. Retirement of Indebtedness—Interest and principal payments and other debt service  charges relating to plant fund indebtedness. Unexpended—Unexpended resources from various sources used to finance the acquisition  of plant assets. Capitalization of Plant Fund Assets Definition
Physical property acquired by the University by purchase, gift, trade, or fabrication  and which take the form of land, buildings, equipment, improvements to land or buildings,  and other tangible items are capitalized. Financial Services and Operations is responsible for all accounting and budget control  functions for plant fund (construction) projects, and preparation of financial reports. Plant assets are stated at actual or estimated cost at date of acquisition. Construction  is capitalized as expended and reflected in net investment in plant. Current fund  expenditures of $50,000 or greater for renewals and replacements are capitalized only  to the extent that such expenditures represent long-term improvements to properties  or significant alterations, renovations, or structural changes that increase the usefulness  of the building, enhance its efficiency, or prolong its useful life.

Correcting Expensing of Qualified Improvement Property | Tax Foundation The Fixtures Fix: Correcting the Drafting Error Involving the Expensing of Qualified Improvement Property
The Fixtures Fix: Correcting the Drafting Error Involving the Expensing of Qualified Improvement Property
Key Findings
Introduction
Overview of Expensing
Qualified Improvement Property
The TCJA Makes Cost Recovery for QIP More Restrictive
Figure 1.
Table 1. Cost Recovery of Qualified Improvement Property Is More Restrictive
Table 2. Businesses Making QIP Investments Face Higher Tax Burden Under New Law
Economics of 100 Percent Bonus Depreciation
Table 3. Present Value Cost of Straight-Line Depreciation Allowance for a $100 Investment
Figure 2.
QIP Should be Eligible for 100 Percent Bonus Depreciation
Was this page helpful to you?
Topics
Tags
 2]
Improvement property generally includes interior improvements made in buildings that are nonresidential real property. If a business invested in new lighting, exit signs, or woodwork, these investments would generally be categorized as improvement property. Or consider a restaurant or retail store, perhaps with lots of foot traffic, and as a result it needs new permanent floor coverings; such an investment would also generally be qualified improvement property. The definition excludes improvements made to enlarge a building, for an elevator or escalator, or to the internal structural framework of a building. [ 3]
The PATH Act of 2015 created a fourth category, qualified improvement property (QIP), to extend bonus depreciation to additional improvements to building interiors. [ 4] Under this new definition, unlike the other three types of improvement property, eligibility did not require that QIP investments be made under a lease. It also did not require a three-year lag between when the building was first placed in service and when the improvement property was placed in service. A notable feature of QIP, however, was that it did not have a cost recovery period of 15 years; for QIP to be recovered over a 15-year period, it had to also meet the definition of one of the other three types of improvement property. [

Correcting Expensing of Qualified Improvement Property | Tax Foundation

The Fixtures Fix: Correcting the Drafting Error Involving the Expensing of Qualified Improvement Property
The Fixtures Fix: Correcting the Drafting Error Involving the Expensing of Qualified Improvement Property
Key Findings
Introduction
Overview of Expensing
Qualified Improvement Property
The TCJA Makes Cost Recovery for QIP More Restrictive
Figure 1.
Table 1. Cost Recovery of Qualified Improvement Property Is More Restrictive
Table 2. Businesses Making QIP Investments Face Higher Tax Burden Under New Law
Economics of 100 Percent Bonus Depreciation
Table 3. Present Value Cost of Straight-Line Depreciation Allowance for a $100 Investment
Figure 2.
QIP Should be Eligible for 100 Percent Bonus Depreciation
Was this page helpful to you?
Topics
Tags

2]
Improvement property generally includes interior improvements made in buildings that are nonresidential real property. If a business invested in new lighting, exit signs, or woodwork, these investments would generally be categorized as improvement property. Or consider a restaurant or retail store, perhaps with lots of foot traffic, and as a result it needs new permanent floor coverings; such an investment would also generally be qualified improvement property. The definition excludes improvements made to enlarge a building, for an elevator or escalator, or to the internal structural framework of a building. [ 3]
The PATH Act of 2015 created a fourth category, qualified improvement property (QIP), to extend bonus depreciation to additional improvements to building interiors. [ 4] Under this new definition, unlike the other three types of improvement property, eligibility did not require that QIP investments be made under a lease. It also did not require a three-year lag between when the building was first placed in service and when the improvement property was placed in service. A notable feature of QIP, however, was that it did not have a cost recovery period of 15 years; for QIP to be recovered over a 15-year period, it had to also meet the definition of one of the other three types of improvement property. [

Is Website Design a Capital Expense or Revenue Expense? - My WordPress Is Website Design a Capital Expense or Revenue Expense?
Is Website Design a Capital Expense or Revenue Expense?
The IRS and Software Costs
New Website and Functionality
Improvements and Maintenance Costs
 Is Website Design a Capital Expense or Revenue Expense? - My WordPress
Is Website Design a Capital Expense or Revenue Expense? To ascertain whether website design is a capital expense or a revenue expense one must be clear of the terms. Here is a definition I found from accountingcoach.com
A capital expenditure is an amount spent to acquire or improve a long-term asset such as equipment or buildings. Usually the cost is recorded in an account classified as Property, Plant and Equipment. The cost (except for the cost of land) will then be charged to depreciation expense over the useful life of the asset. A revenue expenditure is an amount that is expensed immediately—thereby being matched with revenues of the current accounting period. Routine repairs are revenue expenditures because they are charged directly to an account such as Repairs and Maintenance Expense. Even significant repairs that do not extend the life of the asset or do not improve the asset (the repairs merely return the asset back to its previous condition) are revenue expenditures. accountingcoach.com
The IRS and Software Costs
Although the IRS hasn’t issued any real guidance when it comes to website costs specifically, the IRS has provided guidance for software costs.

Is Website Design a Capital Expense or Revenue Expense? - My WordPress

Is Website Design a Capital Expense or Revenue Expense?
Is Website Design a Capital Expense or Revenue Expense?
The IRS and Software Costs
New Website and Functionality
Improvements and Maintenance Costs

Is Website Design a Capital Expense or Revenue Expense? - My WordPress
Is Website Design a Capital Expense or Revenue Expense? To ascertain whether website design is a capital expense or a revenue expense one must be clear of the terms. Here is a definition I found from accountingcoach.com
A capital expenditure is an amount spent to acquire or improve a long-term asset such as equipment or buildings. Usually the cost is recorded in an account classified as Property, Plant and Equipment. The cost (except for the cost of land) will then be charged to depreciation expense over the useful life of the asset. A revenue expenditure is an amount that is expensed immediately—thereby being matched with revenues of the current accounting period. Routine repairs are revenue expenditures because they are charged directly to an account such as Repairs and Maintenance Expense. Even significant repairs that do not extend the life of the asset or do not improve the asset (the repairs merely return the asset back to its previous condition) are revenue expenditures. accountingcoach.com
The IRS and Software Costs
Although the IRS hasn’t issued any real guidance when it comes to website costs specifically, the IRS has provided guidance for software costs.

What are capital expenditures? | AccountingCoach What are capital expenditures?
What are capital expenditures?
Definition of Capital Expenditures
Examples of Capital Expenditures
 What are capital expenditures? | AccountingCoach
What are capital expenditures? Definition of Capital Expenditures
Capital expenditures are the amounts spent for tangible assets that will be used for more than one year in the operations of a business. Capital expenditures, which are sometimes referred to as capex, can be thought of as the amounts spent to acquire or improve a company's fixed assets. The capital expenditures increase the respective asset accounts which are reported in the noncurrent asset section of the balance sheet entitled property, plant and equipment. Once the assets (except for land) are placed in service they are depreciated over their useful lives. The accumulated depreciation for these assets is also reported as part of the property, plant and equipment. The amount of capital expenditures for an accounting period is also reported in the cash flow statement as a negative amount (since it is a cash outflow) in the investing activities section. Many financial analysts subtract the capital expenditures amount from the cash from operating activities to arrive at the company's free cash flow. Examples of Capital Expenditures
Capital expenditures include the amounts spent to acquire or make significant improvements to land, buildings, machinery, equipment, furniture, fixtures, vehicles, computer information systems, leasehold improvements, etc.

What are capital expenditures? | AccountingCoach

What are capital expenditures?
What are capital expenditures?
Definition of Capital Expenditures
Examples of Capital Expenditures

What are capital expenditures? | AccountingCoach
What are capital expenditures? Definition of Capital Expenditures
Capital expenditures are the amounts spent for tangible assets that will be used for more than one year in the operations of a business. Capital expenditures, which are sometimes referred to as capex, can be thought of as the amounts spent to acquire or improve a company's fixed assets. The capital expenditures increase the respective asset accounts which are reported in the noncurrent asset section of the balance sheet entitled property, plant and equipment. Once the assets (except for land) are placed in service they are depreciated over their useful lives. The accumulated depreciation for these assets is also reported as part of the property, plant and equipment. The amount of capital expenditures for an accounting period is also reported in the cash flow statement as a negative amount (since it is a cash outflow) in the investing activities section. Many financial analysts subtract the capital expenditures amount from the cash from operating activities to arrive at the company's free cash flow. Examples of Capital Expenditures
Capital expenditures include the amounts spent to acquire or make significant improvements to land, buildings, machinery, equipment, furniture, fixtures, vehicles, computer information systems, leasehold improvements, etc.

Which account does renovation go under in the balance sheet and the cash flow statement? - Quora Which account does renovation go under in the balance sheet and the cash flow statement?
Which account does renovation go under in the balance sheet and the cash flow statement?
Garrick Saito
 When you see “line” items on a balance sheet or cash flow statement, these are not “accounts.” An account is a single classification within the context the general ledger. General ledger accounts are grouped and summarized for the purposes of determining the line items for both of those statements. For example, when you see property, plant and equipment on a balance sheet, it may be represented by the following general ledger accounts. leasehold improvements
building improvements
land
furniture, fixtures and equipm
Continue Reading
Before I give my answer, let’s clear a few things up on the terminology you’re using. When you see “line” items on a balance sheet or cash flow statement, these are not “accounts.” An account is a single classification within the context the general ledger. General ledger accounts are grouped and summarized for the purposes of determining the line items for both of those statements. For example, when you see property, plant and equipment on a balance sheet, it may be represented by the following general ledger accounts. leasehold improvements
building improvements
land
furniture, fixtures and equipment
vehicles
aircraft
buildings
accumulated depreciation or amortization for each of the above
Renovations would go into a general ledger account called leasehold improvements (if the property is leased) or building improvements (if the property is owned).

Which account does renovation go under in the balance sheet and the cash flow statement? - Quora

Which account does renovation go under in the balance sheet and the cash flow statement?
Which account does renovation go under in the balance sheet and the cash flow statement?
Garrick Saito

When you see “line” items on a balance sheet or cash flow statement, these are not “accounts.” An account is a single classification within the context the general ledger. General ledger accounts are grouped and summarized for the purposes of determining the line items for both of those statements. For example, when you see property, plant and equipment on a balance sheet, it may be represented by the following general ledger accounts. leasehold improvements
building improvements
land
furniture, fixtures and equipm
Continue Reading
Before I give my answer, let’s clear a few things up on the terminology you’re using. When you see “line” items on a balance sheet or cash flow statement, these are not “accounts.” An account is a single classification within the context the general ledger. General ledger accounts are grouped and summarized for the purposes of determining the line items for both of those statements. For example, when you see property, plant and equipment on a balance sheet, it may be represented by the following general ledger accounts. leasehold improvements
building improvements
land
furniture, fixtures and equipment
vehicles
aircraft
buildings
accumulated depreciation or amortization for each of the above
Renovations would go into a general ledger account called leasehold improvements (if the property is leased) or building improvements (if the property is owned).

Capacity Building: What It Is and Why It Matters - MissionBox Capacity Building: What It Is and Why It Matters
Capacity Building: What It Is and Why It Matters
Investing in future strength and capability
What capacity building means
Why capacity-building matters
Where to target capacity-building efforts
Who to involve
How to find the funds
Keep timelines and goals realistic
Get a jump start
References
 What capacity building means
By definition, capacity-building is a measurable improvement in an organization's ability to fulfill its mission through a blend of sound management, strong governance, and dedication to assessing and achieving results. Capacity-building is a specific effort to strengthen: Organizational infrastructure. This includes things like facilities (both workplaces and service locations), equipment (computers and other technology, office supplies, equipment essential to services) and workplace operations (such as payroll and accounting). Management and governance. This refers to your nonprofit's board and executives. Staff capacity. This includes education and professional development. Imagine a food bank that improves its inventory management system so it can deliver more food, more quickly, to more people. The food bank boosted its performance by enhancing its internal management.

Capacity Building: What It Is and Why It Matters - MissionBox

Capacity Building: What It Is and Why It Matters
Capacity Building: What It Is and Why It Matters
Investing in future strength and capability
What capacity building means
Why capacity-building matters
Where to target capacity-building efforts
Who to involve
How to find the funds
Keep timelines and goals realistic
Get a jump start
References

What capacity building means
By definition, capacity-building is a measurable improvement in an organization's ability to fulfill its mission through a blend of sound management, strong governance, and dedication to assessing and achieving results. Capacity-building is a specific effort to strengthen: Organizational infrastructure. This includes things like facilities (both workplaces and service locations), equipment (computers and other technology, office supplies, equipment essential to services) and workplace operations (such as payroll and accounting). Management and governance. This refers to your nonprofit's board and executives. Staff capacity. This includes education and professional development. Imagine a food bank that improves its inventory management system so it can deliver more food, more quickly, to more people. The food bank boosted its performance by enhancing its internal management.

Qualified Improvement Property | Qualified Leasehold Improvements | KBKG New Qualified Improvement Property Category in 2016
New Qualified Improvement Property Category in 2016
For the most up-to-date information on Qualified Improvement Property, see our latest post.
Access the Qualified Improvements Quick Reference Chart
State/Region
Please Select AK AL AR AZ CA CD CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK ON OR PA PR RI SC SD TN TX UT VA VI+ VT WA WI WV WY Outside US x Alberta x American Samoa x British Columbia x Manitoba x New Brunswick x Newfoundland x Northwest Territories x Nova Scotia x Nunavut x Prince Edward Island x Quebec x Saskatchewan x Yukon
Would you like someone from KBKG to contact you?* Please do not contact me at this time. Please contact me right away to discuss a potential project. I’d like to discuss how I can offer your services to my clients.
Lead Source
KBKG needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
Author: Geoff Gan, CCSP, MBA | Co-Author: Eddie Price, CCSP
 Qualified Improvement Property (QIP) is defined as any improvement to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168 (k) (3)). The QIP provisions are effective for property placed in service after December 31, 2015. Similar to Qualified Leasehold Improvements, QIP specifically excludes expenditures for (1) the enlargement of a building, (2) elevators or escalators, or (3) the internal structural framework of a building. Qualified Improvement Property is not eligible for Section 179 unless it also meets the definition of a Qualified Leasehold Improvement, Qualified Retail Improvement, or Qualified Restaurant Property. Differences with Qualified Leasehold Improvements
The QIP definition is similar to that of Qualified Leasehold Improvements; however, there are subtle but distinct differences to note. For one, Qualified Improvement Property does not have the Qualified Leasehold Improvements requirement that a building must have been placed in service at least three years prior to the expenditure. Further, QIP is not restricted to expenditures pursuant to a lease between non-related parties. KBKG Insigh t: Interior components such as common area improvements in multi-tenant buildings, interior improvements in an owner occupied building, or tenant improvements in a building less than three-years old may be eligible for bonus depreciation as QIP even though they have 39-year recovery periods.

Qualified Improvement Property | Qualified Leasehold Improvements | KBKG

New Qualified Improvement Property Category in 2016
New Qualified Improvement Property Category in 2016
For the most up-to-date information on Qualified Improvement Property, see our latest post.
Access the Qualified Improvements Quick Reference Chart
State/Region
Please Select AK AL AR AZ CA CD CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK ON OR PA PR RI SC SD TN TX UT VA VI+ VT WA WI WV WY Outside US x Alberta x American Samoa x British Columbia x Manitoba x New Brunswick x Newfoundland x Northwest Territories x Nova Scotia x Nunavut x Prince Edward Island x Quebec x Saskatchewan x Yukon
Would you like someone from KBKG to contact you?* Please do not contact me at this time. Please contact me right away to discuss a potential project. I’d like to discuss how I can offer your services to my clients.
Lead Source
KBKG needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
Author: Geoff Gan, CCSP, MBA | Co-Author: Eddie Price, CCSP

Qualified Improvement Property (QIP) is defined as any improvement to an interior portion of a building that is nonresidential real property as long as that improvement is placed in service after the building was first placed in service by any taxpayer (Section 168 (k) (3)). The QIP provisions are effective for property placed in service after December 31, 2015. Similar to Qualified Leasehold Improvements, QIP specifically excludes expenditures for (1) the enlargement of a building, (2) elevators or escalators, or (3) the internal structural framework of a building. Qualified Improvement Property is not eligible for Section 179 unless it also meets the definition of a Qualified Leasehold Improvement, Qualified Retail Improvement, or Qualified Restaurant Property. Differences with Qualified Leasehold Improvements
The QIP definition is similar to that of Qualified Leasehold Improvements; however, there are subtle but distinct differences to note. For one, Qualified Improvement Property does not have the Qualified Leasehold Improvements requirement that a building must have been placed in service at least three years prior to the expenditure. Further, QIP is not restricted to expenditures pursuant to a lease between non-related parties. KBKG Insigh t: Interior components such as common area improvements in multi-tenant buildings, interior improvements in an owner occupied building, or tenant improvements in a building less than three-years old may be eligible for bonus depreciation as QIP even though they have 39-year recovery periods.

 Public improvement definition - Law Insider
Define Public improvement. means a building or construction work which is constructed under the control of a governmental entity and is paid for in whole or in part with funds of the governmental entity, including a building or improvement constructed or operated jointly with any other public or private agency, but excluding urban renewal demolition and low-rent housing projects, industrial aid projects authorized under Iowa Code chapter 419, emergency work or repair or maintenance work performed by employees of a governmental entity, and excluding a highway, bridge, or culvert project, and excluding construction or repair or maintenance work performed for a city utility under Iowa Code chapter 388 by its employees or performed for a rural water district under Iowa Code chapter 357A by its employees. Browse
Resources
Contracts
Clauses
Dictionary
Resources
AboutPricing
History
Sign In
Sign Up
Home
Dictionary
Public improvement
Public improvementdefinition
Search Within Public improvementDefinitions
Related Definitions
Contractor
Code
Agreement
Commission
Services
Company
Act
Contract
Person
Employee
Affiliate
Department
Business Day
Subsidiary
Director
Board
Remove Advertising
Open Split View
Share
Cite
Public improvement means a buildingor construction workwhich is constructed under the controlof a governmental entityand is paid for in whole or in part with fundsof the governmental entity, includinga building or improvementconstructed or operated jointly with any other publicor private agency, but excluding urbanrenewaldemolitionand low-renthousingprojects, industrial aid projects authorized under Iowa Codechapter419, emergencywork or repairor maintenance workperformed by employeesof a governmental entity, and excluding a highway, bridge, or culvert project, and excluding construction or repair or maintenance work performed for a cityutilityunder Iowa Code chapter 388 by its employees or performed for a ruralwaterdistrictunder Iowa Code chapter 357A by its employees. Sample 1
Sample 2
Sample 3
Based on 25 documents
25
Save
Copy
Remove Advertising
Public improvement means any existing or contemplated public facility, building, or capital improvement project, including, without limitation, streets, alleys, sidewalks, sewers, watermains, drainageconduits, right-of-way improvements, and other Public Projects. Sample 1
Sample 2
Sample 3
Based on 23 documents
23
Save
Copy
Public improvement means a projectfor construction, reconstruction or major renovationon real propertyby or for a contracting agency. “ Public improvement” does not include: Sample 1
Sample 2
Sample 3
Based on 20 documents
20
Save
Copy
Examples of Public improvementin a sentence
Prologis hereby acknowledges and agrees that such determinations by City may result in an unequal distribution of Specific Plan Public Improvement construction obligations amongst the various parcels within the Property. The Water Authority Public Improvement District Fund accounts for the activities of this district, a blended component unit. The Yuma County Water Authority Public Improvement District (the “Water Authority Public Improvement District”) serves all of the citizens of the County and is governed by a board comprised of the County Commissioners. These bonds constitute general obligations of the Water Authority Public Improvement District and were partially refunded in 2016 through the subsequent bond issue.

How to Depreciate Leasehold Improvements | Small Business - Chron.com How to Depreciate Leasehold Improvements
How to Depreciate Leasehold Improvements
What Is a Leasehold Improvement?
Things That Are Not Leasehold Improvements
Who Pays for Leasehold Improvements?
Who Claims Leasehold Improvements Depreciation?
Errors in the Tax Cuts and Jobs Act
Impact on Bonus Depreciation
 Who should make them — landlord or tenant? Writer Bio
Jayne Thompson earned an LLB in Law and Business Administration from the University of Birmingham and an LLM in International Law from the University of East London. She practiced in various “big law” firms before launching a career as a business writer. Her articles have appeared on numerous business sites including Typefinder, Women in Business, Startwire and Indeed.com. Find her at www.whiterosecopywriting.com. Related Articles
What Do Leasehold Improvements Include? How Does a Leasehold Work? Tax Relief for Companies for Property Development
Do Leasehold Improvements Go on the Balance Sheet? Tangible Assets Amortization Rules
Can You Expense Improvements to a Building Under GAAP Accounting? The GAAP Rules of Leasehold Improvement Depreciation
How to Determine the Cost Basis for Depreciation on a Rental Home
Definition of Leasehold Improvements
How to Depreciate Equipment on Federal Taxes
About Rent Abatement Provisions in Commercial Leases
Asset Depreciation for Life With Generally Accepted Accounting Principles (GAAP) & a Tax Comparison

How to Depreciate Leasehold Improvements | Small Business - Chron.com

How to Depreciate Leasehold Improvements
How to Depreciate Leasehold Improvements
What Is a Leasehold Improvement?
Things That Are Not Leasehold Improvements
Who Pays for Leasehold Improvements?
Who Claims Leasehold Improvements Depreciation?
Errors in the Tax Cuts and Jobs Act
Impact on Bonus Depreciation

Who should make them — landlord or tenant? Writer Bio
Jayne Thompson earned an LLB in Law and Business Administration from the University of Birmingham and an LLM in International Law from the University of East London. She practiced in various “big law” firms before launching a career as a business writer. Her articles have appeared on numerous business sites including Typefinder, Women in Business, Startwire and Indeed.com. Find her at www.whiterosecopywriting.com. Related Articles
What Do Leasehold Improvements Include? How Does a Leasehold Work? Tax Relief for Companies for Property Development
Do Leasehold Improvements Go on the Balance Sheet? Tangible Assets Amortization Rules
Can You Expense Improvements to a Building Under GAAP Accounting? The GAAP Rules of Leasehold Improvement Depreciation
How to Determine the Cost Basis for Depreciation on a Rental Home
Definition of Leasehold Improvements
How to Depreciate Equipment on Federal Taxes
About Rent Abatement Provisions in Commercial Leases
Asset Depreciation for Life With Generally Accepted Accounting Principles (GAAP) & a Tax Comparison

26 CFR § 1.263 (a)-3 - Amounts paid to improve tangible property. | CFR | US Law | LII / Legal Information Institute 26 CFR § 1.263 (a)-3 - Amounts paid to improve tangible property.
26 CFR § 1.263 (a)-3 - Amounts paid to improve tangible property.
Example. Railroad rolling stock
Example 1. Building systems
Example 2. Building systems
Example 3. Building structure and systems; condominium
Example 4. Building structure and systems; property other than buildings
Example 5. Plant property; discrete and major function
Example 6. Plant property; discrete and major function
Example 7. Plant property; industrial process
Example 8. Personal property
Example 9. Personal property
Example 10. Building structure and systems; leased building
Example 11. Production of real property related to leased property
Example 12. Leasehold improvements; construction allowance used for lessor-owned improvements
Example 13. Buildings and structural components; leased office space
Example 14. Leased property; personal property
Example 15. Improvement property
Example 16. Additional rules; year placed in service
Example 17. Additional rules; change in subsequent year
Example 18. Additional rules; change in subsequent year
Example 19. Additional rules; change in subsequent year
(f) Improvements to leased property -
(2) Lessee improvements -
(3) Lessor improvements -
Example 1. Lessee improvements; additions to building
Example 2. Lessee improvements; additions to certain structural components of buildings
Example 3. Lessor Improvements; additions to building
Example 4. Lessee property; personal property added to leased building
Example 5. Lessor property; buildings on leased property
Example 6. Lessee contribution to construction costs
Example 1. Component removed during improvement; no disposition
Example 2. Component removed during improvement; disposition
Example 3. Component removed during repair or maintenance; no disposition
Example 4. Component removed with disposition and restoration
(5) Unadjusted basis -
Example 1. Safe harbor for small taxpayers applicable
Example 2. Safe harbor for small taxpayers inapplicable
Example 3. Safe harbor applied building-by-building
Example 4. Safe harbor applied to leased building property
Example 1. Routine maintenance on component
Example 2. Routine maintenance after class life
Example 3. Routine maintenance on rotable spare parts
Example 4. Routine maintenance resulting from prior owner's use
Example 5. Routine maintenance resulting from new owner's use
Example 6. Routine maintenance; replacement of substantial structural part; coordination with section 263A
Example 7. Routine maintenance once during class life
Example 8. Routine maintenance; reasonable expectation
Example 9. Routine maintenance on non-rotable part
Example 10. Routine maintenance with related betterments
Example 11. Routine maintenance with unrelated improvements
Example 12. Exceptions to routine maintenance
Example 13. Routine maintenance on a building; escalator system
Example 14. Not routine maintenance; escalator system
Example 15. Routine maintenance on building; reasonable expectation
Example 1. Amelioration of pre-existing material condition or defect
Example 2. Not amelioration of pre-existing condition or defect
Example 3. Not amelioration of pre-existing material condition or defect
Example 4. Not amelioration of pre-existing material condition or defect
Example 5. Amelioration of material condition or defect
Example 6. Not a betterment; building refresh
Example 7. Building refresh; limited improvement
Example 8. Betterment; building remodel
Example 9. Not betterment; relocation and reinstallation of personal property
Example 10. Betterment; relocation and reinstallation of equipment
Example 11. Betterment; regulatory requirement
Example 12. Not a betterment; regulatory requirement
Example 13. Not a betterment; new roof membrane
Example 14. Material increase in capacity; building
Example 15. Material increase in capacity; channel
Example 16. Not a material increase in capacity; channel
Example 17. Material increase in capacity; channel
Example 18. Not a material increase in capacity; building
Example 19. Material increase in capacity; building
Example 20. Not material increase in efficiency; HVAC system
Example 21. Material increase in efficiency; building
Example 22. Material addition; building
Example 23. Costs incurred during betterment
Example 1. Replacement of loss component
Example 2. Replacement of sold component
Example 3. Restoration after casualty loss
Example 4. Restoration after casualty event
Example 5. Restoration after casualty loss; limitation
Example 6. Restoration of property in a state of disrepair
Example 7. Rebuild of property to like-new condition before end of class life
Example 8. Rebuild of property to like-new condition after end of class life
Example 9. Not a rebuild to a like-new condition
Example 10. Replacement of major component or substantial structural part; personal property
Example 11. Repair performed during restoration
Example 12. Related amounts to replace major component or substantial structural part; personal property
Example 13. Not replacement of major component; incidental
Example 14. Replacement of major component or substantial structural part; roof
Example 15. Not replacement of major component or substantial structural part; roof membrane
Example 16. Not a replacement of major component or substantial structural part; HVAC system
Example 17. Replacement of major component or substantial structural part; HVAC system
Example 18. Not replacement of major component or substantial structural part; HVAC system
Example 19. Replacement of major component or substantial structural part; fire protection system
Example 20. Replacement of major component or substantial structural part; electrical system
Example 21. Not a replacement of major component or substantial structural part; electrical system
Example 22. Replacement of major component or substantial structural part; plumbing system
Example 23. Not replacement of major component or substantial structural part; plumbing system
Example 24. Replacement of major component or substantial structural part; plumbing system
Example 25. Not replacement of major component or substantial structural part; windows
Example 26. Replacement of major component; windows
Example 27. Replacement of substantial structural part; windows
Example 28. Not replacement of major component or substantial structural part; floors
Example 29. Replacement of major component or substantial structural part; floors
Example 30. Replacement with no disposition
Example 31. Replacement with disposition
(l) Capitalization of amounts to adapt property to a new or different use -
Example 1. New or different use; change in building use
Example 2. Not a new or different use; leased building
Example 3. Not a new or different use; preparing building for sale
Example 4. New or different use; land
Example 5. New or different use; part of building
Example 6. Not a new or different use; part of building
Example 7. Not a new or different use; part of building
(m) Optional regulatory accounting method -
Example 1. Taxpayer subject to regulatory accounting rules of FERC
Example 2. Taxpayer not subject to regulatory accounting rules of FERC
Example 3. Taxpayer subject to regulatory accounting rules of FCC
Example 4. Taxpayer subject to regulatory accounting rules of STB
(n) Election to capitalize repair and maintenance costs -
Example 1. Election to capitalize routine maintenance on non-rotable part
Example 2. No election to capitalize routine maintenance
Example 3. Election to capitalize replacement of building component
 (b) Definitions. For purposes of this section, the following definitions apply: (1) Amount paid. In the case of a taxpayer using an accrual method of accounting, the terms amounts paid and payment mean a liability incurred (within the meaning of § 1.446-1 (c) (1) (ii) ). A liability may not be taken into account under this section prior to the taxable year during which the liability is incurred. (2) Personal property means tangible personal property as defined in § 1.48-1 (c) . (3) Real property means land and improvements thereto, such as buildings or other inherently permanent structures (including items that are structural components of the buildings or structures) that are not personal property as defined in paragraph (b) (2) of this section. Any property that constitutes other tangible property under § 1.48-1 (d) is also treated as real property for purposes of this section. Local law is not controlling in determining whether property is real property for purposes of this section. (4) Owner means the taxpayer that has the benefits and burdens of ownership of the unit of property for Federal income tax purposes .

26 CFR § 1.263 (a)-3 - Amounts paid to improve tangible property. | CFR | US Law | LII / Legal Information Institute

(b) Definitions. For purposes of this section, the following definitions apply: (1) Amount paid. In the case of a taxpayer using an accrual method of accounting, the terms amounts paid and payment mean a liability incurred (within the meaning of § 1.446-1 (c) (1) (ii) ). A liability may not be taken into account under this section prior to the taxable year during which the liability is incurred. (2) Personal property means tangible personal property as defined in § 1.48-1 (c) . (3) Real property means land and improvements thereto, such as buildings or other inherently permanent structures (including items that are structural components of the buildings or structures) that are not personal property as defined in paragraph (b) (2) of this section. Any property that constitutes other tangible property under § 1.48-1 (d) is also treated as real property for purposes of this section. Local law is not controlling in determining whether property is real property for purposes of this section. (4) Owner means the taxpayer that has the benefits and burdens of ownership of the unit of property for Federal income tax purposes .

What is a reclassification? | AccountingCoach What is a reclassification?
What is a reclassification?
Definition of Reclassification
Examples of Reclassification
To learn more, see the Related Topics listed below:
Related Topics
Join PRO or PRO Plus and Get
Lifetime Access to Our Premium Materials
PRO
PRO Plus
About the Author
 What is a reclassification? | AccountingCoach
What is a reclassification? Definition of Reclassification
In accounting, the term reclassification is often used to describe moving an amount from one general ledger account to another. Examples of Reclassification
Assume that a repair bill of $5,000 was initially debited to the asset account Equipment. Since the repair was not an improvement nor did it extend the life of the equipment, the controller prepared a journal entry that debits Repairs Expense for $5,000 and credits Equipment for $5,000. The description on the controller's journal entry was, "To reclassify the XYZ Co.'s repair bill from Equipment to Repairs Expense." Reclassification can also be used to describe moving a note payable from a long-term liability account to a short-term or current liability account when the note's maturity date is less than one year away. Another example of reclassification arises when a company stops using one of its buildings and puts the building up for sale. In that situation, the journal entry description might be, "To reclassify the X building from property, plant and equipment to long-term investments ." To learn more, see the Related Topics listed below:

What is a reclassification? | AccountingCoach

What is a reclassification?
What is a reclassification?
Definition of Reclassification
Examples of Reclassification
To learn more, see the Related Topics listed below:
Related Topics
Join PRO or PRO Plus and Get
Lifetime Access to Our Premium Materials
PRO
PRO Plus
About the Author

What is a reclassification? | AccountingCoach
What is a reclassification? Definition of Reclassification
In accounting, the term reclassification is often used to describe moving an amount from one general ledger account to another. Examples of Reclassification
Assume that a repair bill of $5,000 was initially debited to the asset account Equipment. Since the repair was not an improvement nor did it extend the life of the equipment, the controller prepared a journal entry that debits Repairs Expense for $5,000 and credits Equipment for $5,000. The description on the controller's journal entry was, "To reclassify the XYZ Co.'s repair bill from Equipment to Repairs Expense." Reclassification can also be used to describe moving a note payable from a long-term liability account to a short-term or current liability account when the note's maturity date is less than one year away. Another example of reclassification arises when a company stops using one of its buildings and puts the building up for sale. In that situation, the journal entry description might be, "To reclassify the X building from property, plant and equipment to long-term investments ." To learn more, see the Related Topics listed below:

Accounting Chapter 10 Questions Flashcards | Quizlet Accounting Chapter 10 Questions
Accounting Chapter 10 Questions
STUDY
PLAY
Terms in this set (35)
 Accounting Chapter 10 Questions Flashcards | Quizlet
Home
Social Science
Economics
Finance
Accounting Chapter 10 Questions
STUDY
Flashcards
Learn
Write
Spell
Test
PLAY
Match
Gravity
Plant assets may properly include
Click card to see definition 👆
Tap card to see definition 👆
None of these
Click again to see term 👆
Tap again to see term 👆
Which of the following is not a major characteristic of a plant asset
Click card to see definition 👆
Tap card to see definition 👆
Acquired for resale
Click again to see term 👆
Tap again to see term 👆
Nice work! You just studied 35 terms! Now up your study game with Learn mode. Try Learn mode
Study with Flashcards again
1/35
Created by
pebbles399
Terms in this set (35)
Plant assets may properly include
None of these
Which of the following is not a major characteristic of a plant asset
Acquired for resale
Which of these is not a major characteristic of a plant asset
All of these are major characteristics of a plant asset
Cotton Hotel Corporation recently purchased Emporia Hotel and the land on which it is located with the plan to tear down the Emporia Hotel and build a new luxury hotel on the site. The cost of the Emporia Hotel should be: Capitalized as part of the cost of the land
The cost of land does not include
Costs of improvements with limited lives
The cost of land typically includes the purchase price and all of the following costs EXCEPT
Private driveways and parking lots
If a corporation purchases a lot and building and subsequently tears down the building and sues the property as a parking lot, the proper accounting treatment of the cost of the building would depend on
The intention of management for th property when the building is acquired
The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to
The machinery account
Fences and parking lots are reported on the balance sheet as
Land improvements
Historical cost is the basis advocated for recording the acquisition of property, plant, and equipment for all the following reasons except: Property, plant, and equipment items are always acquired at their original historical cost
To be consistent with the historical cost principle, overhead costs incurred by an enterprise constructing its own building should be
Allocated on a pro rata basis between the asset and normal operations
Which of the following costs are capitalized for self-constructed assets
Materials, labor, and overhead
Which of the following assets do not qualify for capitalization of interest costs incurred during construction of the assets
Assets not currently undergoing the activities necessary to prepare them for their intended use
Assets that qualify for interest cost capitalization include
Assets under construction for company's own use
When computing the amount of interest cost to be capitalized, the concept of "avoidable interest" refers to
The portion of total interest cost which would not have been inc urged if expenditures for asset construction had not been made
The period of time during which interest must be capitalized ends when
The asset is substantially complete and ready or its intended use
Which the following statements is true regarding capitalization of interest
The amount of interest cost capitalized during the period should not exceed the actual interest cost incurred
Construction of a qualifying asset is started on april 1 and finished on december 1. The fraction used to multiply an expenditure made on april 1 to find weighted average accumulated expenditures is
8/12
When funds are borrowed to pay for construction of assets that qualify for capitalization of interest, the excess funds not needed to pay for construction may be temporarily invested in interest-bearing securities. Interest earned on these temporary investments should be
Recognized as revenue for the period
Interest cost that is capitalized should
None of these
Which of the following is not a condition that must be satisfied before interest capitalization can begin on a qualifying asset
the interest rate is equal to or greater than the company's cost of capital
Which of the following is the recommended approach to handling interest incurred in financing the construction of property, plant, and equipment
Capitalize only the actual interest costs incurred during construction
Which of the following nonmonetary exchange transactions represents a culmination of the earning process? Exchange of assets with a difference in future cash flows
When boot is involved in an exchange having commercial substance
Gains or losses are recognized in their entirety
The cost of a non monetary asset acquired in exchange for another non monetary asset and the exchange has commercial substance is usually recorded at
The fair value of the asset given up and a gain or loss is recognized
Ringler Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange.

Accounting Chapter 10 Questions Flashcards | Quizlet

Accounting Chapter 10 Questions
Accounting Chapter 10 Questions
STUDY
PLAY
Terms in this set (35)

Improve | Definition of Improve at Dictionary.com improve
improve
verb (used with object), im·proved, im·prov·ing.
verb (used without object), im·proved, im·prov·ing.
SYNONYMS FOR improve
ANTONYMS FOR improve
QUIZZES
QUIZ YOURSELF ON THE MANY TYPES OF NOUNS
Question 1 of 7
Meet Grammar Coach
Origin of improve
OTHER WORDS FROM improve
Words nearby improve
WHEN TO USE
What are other ways to say improve?
Example sentences from the Web for improve
British Dictionary definitions for improve
improve
verb
noun
Derived forms of improve
Word Origin for improve
 Improve | Definition of Improve at Dictionary.com
Top Definitions
Synonyms
Quizzes
Related Content
When To Use
Examples
British
improve
[ im- proov ]
/ ɪmˈpruv /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: improve / improved / improves / improving on Thesaurus.com
verb (used with object), im·proved, im·prov·ing. to bring into a more desirable or excellent condition: He took vitamins to improve his health. to make (land) more useful, profitable, or valuable by enclosure, cultivation, etc. to increase the value of (real property) by betterments, as the construction of buildings and sewers. to make good use of; turn to account: He improved the stopover by seeing a client with offices there. verb (used without object), im·proved, im·prov·ing.

Improve | Definition of Improve at Dictionary.com

improve
improve
verb (used with object), im·proved, im·prov·ing.
verb (used without object), im·proved, im·prov·ing.
SYNONYMS FOR improve
ANTONYMS FOR improve
QUIZZES
QUIZ YOURSELF ON THE MANY TYPES OF NOUNS
Question 1 of 7
Meet Grammar Coach
Origin of improve
OTHER WORDS FROM improve
Words nearby improve
WHEN TO USE
What are other ways to say improve?
Example sentences from the Web for improve
British Dictionary definitions for improve
improve
verb
noun
Derived forms of improve
Word Origin for improve

Improve | Definition of Improve at Dictionary.com
Top Definitions
Synonyms
Quizzes
Related Content
When To Use
Examples
British
improve
[ im- proov ]
/ ɪmˈpruv /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: improve / improved / improves / improving on Thesaurus.com
verb (used with object), im·proved, im·prov·ing. to bring into a more desirable or excellent condition: He took vitamins to improve his health. to make (land) more useful, profitable, or valuable by enclosure, cultivation, etc. to increase the value of (real property) by betterments, as the construction of buildings and sewers. to make good use of; turn to account: He improved the stopover by seeing a client with offices there. verb (used without object), im·proved, im·prov·ing.

What is a capital expenditure versus a revenue expenditure? | AccountingCoach What is a capital expenditure versus a revenue expenditure?
What is a capital expenditure versus a revenue expenditure?
Definition of Capital Expenditure
Examples of Capital Expenditures
Definition of Revenue Expenditure
Examples of Revenue Expenditures
 What is a capital expenditure versus a revenue expenditure? | AccountingCoach
What is a capital expenditure versus a revenue expenditure? Definition of Capital Expenditure
A capital expenditure is an amount spent to acquire or significantly improve the capacity or capabilities of a long-term asset such as equipment or buildings. Usually the cost is recorded in a balance sheet account that is reported under the heading of Property, Plant and Equipment. The asset's cost (except for the cost of land) will then be allocated to depreciation expense over the useful life of the asset. The amount of each period's depreciation expense is also credited to the contra-asset account Accumulated Depreciation. Examples of Capital Expenditures
Examples of capital expenditures include the amounts spent to acquire or significantly improve assets such as land, buildings, equipment, furnishings, fixtures, vehicles. The total amount spent on capital expenditures during an accounting year is reported under investment activities on the statement of cash flows. Definition of Revenue Expenditure
A revenue expenditure is an amount that is spent for an expense that will be matched immediately with the revenues reported on the current period's income statement. Examples of Revenue Expenditures
Examples of revenue expenditures include the amounts spent on repairs and maintenance, selling, general and administrative expenses.

What is a capital expenditure versus a revenue expenditure? | AccountingCoach

What is a capital expenditure versus a revenue expenditure?
What is a capital expenditure versus a revenue expenditure?
Definition of Capital Expenditure
Examples of Capital Expenditures
Definition of Revenue Expenditure
Examples of Revenue Expenditures

What is a capital expenditure versus a revenue expenditure? | AccountingCoach
What is a capital expenditure versus a revenue expenditure? Definition of Capital Expenditure
A capital expenditure is an amount spent to acquire or significantly improve the capacity or capabilities of a long-term asset such as equipment or buildings. Usually the cost is recorded in a balance sheet account that is reported under the heading of Property, Plant and Equipment. The asset's cost (except for the cost of land) will then be allocated to depreciation expense over the useful life of the asset. The amount of each period's depreciation expense is also credited to the contra-asset account Accumulated Depreciation. Examples of Capital Expenditures
Examples of capital expenditures include the amounts spent to acquire or significantly improve assets such as land, buildings, equipment, furnishings, fixtures, vehicles. The total amount spent on capital expenditures during an accounting year is reported under investment activities on the statement of cash flows. Definition of Revenue Expenditure
A revenue expenditure is an amount that is spent for an expense that will be matched immediately with the revenues reported on the current period's income statement. Examples of Revenue Expenditures
Examples of revenue expenditures include the amounts spent on repairs and maintenance, selling, general and administrative expenses.

What are Tenants' Improvements and Betterments? - Definition from Insuranceopedia Tenants' Improvements and Betterments
Tenants' Improvements and Betterments
What Does Tenants' Improvements and Betterments Mean?
Insuranceopedia Explains Tenants' Improvements and Betterments
Tags
Trending Articles
 What are Tenants' Improvements and Betterments? - Definition from Insuranceopedia
Dictionary
Personal Lines
Tenants' Improvements and Betterments
Table of Contents
What Does Tenants' Improvements and Betterments Mean? Insuranceopedia Explains Tenants' Improvements and Betterments
What Does Tenants' Improvements and Betterments Mean? Tenants' improvements and betterments are the changes that a tenant renting a property pays to make substantial renovations and additions to a property. When a tenant makes substantial improvements and betterments, the building owner needs to clearly establish who is responsible for damages to that property or else they can run into insurance trouble. Advertisement
Insuranceopedia Explains Tenants' Improvements and Betterments
When a tenant makes valuable improvements to a building, it adds to the building’s value. The building owner should either increase the limits of the property insurance policy to account for this extra value, or add a clause to the rental contract stating that the tenant is responsible for damages to improvements and betterments. If they don’t, the building owner will run into trouble when should they be forced to make an insurance claim. For example, suppose that a building owner has a property worth $1 million and that a tenant makes $250,000 worth of additions. A fire then destroys the entire building.

What are Tenants' Improvements and Betterments? - Definition from Insuranceopedia

Tenants' Improvements and Betterments
Tenants' Improvements and Betterments
What Does Tenants' Improvements and Betterments Mean?
Insuranceopedia Explains Tenants' Improvements and Betterments
Tags
Trending Articles

What are Tenants' Improvements and Betterments? - Definition from Insuranceopedia
Dictionary
Personal Lines
Tenants' Improvements and Betterments
Table of Contents
What Does Tenants' Improvements and Betterments Mean? Insuranceopedia Explains Tenants' Improvements and Betterments
What Does Tenants' Improvements and Betterments Mean? Tenants' improvements and betterments are the changes that a tenant renting a property pays to make substantial renovations and additions to a property. When a tenant makes substantial improvements and betterments, the building owner needs to clearly establish who is responsible for damages to that property or else they can run into insurance trouble. Advertisement
Insuranceopedia Explains Tenants' Improvements and Betterments
When a tenant makes valuable improvements to a building, it adds to the building’s value. The building owner should either increase the limits of the property insurance policy to account for this extra value, or add a clause to the rental contract stating that the tenant is responsible for damages to improvements and betterments. If they don’t, the building owner will run into trouble when should they be forced to make an insurance claim. For example, suppose that a building owner has a property worth $1 million and that a tenant makes $250,000 worth of additions. A fire then destroys the entire building.

Improve | Definition of Improve at Dictionary.com improve
improve
verb (used with object), im·proved, im·prov·ing.
verb (used without object), im·proved, im·prov·ing.
SYNONYMS FOR improve
ANTONYMS FOR improve
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Origin of improve
OTHER WORDS FROM improve
Example sentences from the Web for improve
British Dictionary definitions for improve
improve
verb
to make or become better in quality; ameliorate
(tr) to make (buildings, land, etc) more valuable by additions or betterment
noun
Derived forms of improve
Word Origin for improve
 Improve | Definition of Improve at Dictionary.com
Top Definitions
Synonyms
Quizzes
Related Content
Examples
British
improve
[ im- proov ]
/ ɪmˈpruv /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: improve / improved / improves / improving on Thesaurus.com
verb (used with object), im·proved, im·prov·ing. to bring into a more desirable or excellent condition: He took vitamins to improve his health. to make (land) more useful, profitable, or valuable by enclosure, cultivation, etc. to increase the value of (real property) by betterments, as the construction of buildings and sewers. to make good use of; turn to account: He improved the stopover by seeing a client with offices there. verb (used without object), im·proved, im·prov·ing.

improve
improve
verb (used with object), im·proved, im·prov·ing.
verb (used without object), im·proved, im·prov·ing.
SYNONYMS FOR improve
ANTONYMS FOR improve
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Origin of improve
OTHER WORDS FROM improve
Example sentences from the Web for improve
British Dictionary definitions for improve
improve
verb
to make or become better in quality; ameliorate
(tr) to make (buildings, land, etc) more valuable by additions or betterment
noun
Derived forms of improve
Word Origin for improve

Improve | Definition of Improve at Dictionary.com
Top Definitions
Synonyms
Quizzes
Related Content
Examples
British
improve
[ im- proov ]
/ ɪmˈpruv /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: improve / improved / improves / improving on Thesaurus.com
verb (used with object), im·proved, im·prov·ing. to bring into a more desirable or excellent condition: He took vitamins to improve his health. to make (land) more useful, profitable, or valuable by enclosure, cultivation, etc. to increase the value of (real property) by betterments, as the construction of buildings and sewers. to make good use of; turn to account: He improved the stopover by seeing a client with offices there. verb (used without object), im·proved, im·prov·ing.

List of Property Improvements That Are Taxable | Small Business - Chron.com List of Property Improvements That Are Taxable
List of Property Improvements That Are Taxable
Property Additions and Renovations
Safety Improvements
Utility/Energy Improvements
Exceptions: Deductions and Tax Credits
Property Tax Basis and Lowering Capital Gains Tax
References
 Tax Incentives for Energy Efficiency Upgrades in Commercial Buildings
Writer Bio
The tech and business worlds yield constant surprises: Writer Tyler Lacoma covers the most important changes, and what to expect from the future. He also works in home improvement, gaming, and fiction. Related Articles
What Is Considered a Capital Improvement in Property Management? Definition of Leasehold Improvements
How to Determine the Cost Basis for Depreciation on a Rental Home
Tax Credits for Building Renovations
Tax Deductions for Rental Property Improvements
How Tax Abatements Work
Replacement Levy Vs. Renewal Levy
Can You Expense Improvements to a Building Under GAAP Accounting? How to Calculate Initial Outlay
Commercial Building Inspection Checklist
How to Determine Tax Basis on Real Estate
Examples of IRS 179 Deductions for Tangible Personal Property Used in a Business

List of Property Improvements That Are Taxable | Small Business - Chron.com

List of Property Improvements That Are Taxable
List of Property Improvements That Are Taxable
Property Additions and Renovations
Safety Improvements
Utility/Energy Improvements
Exceptions: Deductions and Tax Credits
Property Tax Basis and Lowering Capital Gains Tax
References

Tax Incentives for Energy Efficiency Upgrades in Commercial Buildings
Writer Bio
The tech and business worlds yield constant surprises: Writer Tyler Lacoma covers the most important changes, and what to expect from the future. He also works in home improvement, gaming, and fiction. Related Articles
What Is Considered a Capital Improvement in Property Management? Definition of Leasehold Improvements
How to Determine the Cost Basis for Depreciation on a Rental Home
Tax Credits for Building Renovations
Tax Deductions for Rental Property Improvements
How Tax Abatements Work
Replacement Levy Vs. Renewal Levy
Can You Expense Improvements to a Building Under GAAP Accounting? How to Calculate Initial Outlay
Commercial Building Inspection Checklist
How to Determine Tax Basis on Real Estate
Examples of IRS 179 Deductions for Tangible Personal Property Used in a Business

Capital Expenditure (CAPEX) Capital Expenditure (CAPEX)
Capital Expenditure (CAPEX)
Meaning and definition of capital expenditure
Calculating Capital Expenditure
 Capital Expenditure (CAPEX)
Capital Expenditure (CAPEX)
Accounting Print Email
Meaning and definition of capital expenditure
The general definition of capital expenditure can be given as the funds utilized by a company for acquiring or upgrading the physical assets like property, equipment, or industrial buildings. This outlay type is created by the companies to maintain or raise the scope of their operations. These expenditures count everything from roof repairing to building a brand new factory. The capital expenditure (CAPEX) includes expenses like building renovations or equipment up gradation of equipment which adds value to the assets of a company. Moreover, the capital expenditures generally depreciate with time and feature a long life. As explained by Investopedia, the amount of capital expenditures incurred by a company depends upon the industry occupied by it. Some of the most capital intensive industries are telecom, utilities, and oil. In accounting terms, expenditure is considered as a capital expenditure if the asset is a recently purchased capital asset or an investment that is helpful in improving the useful life of an existing capital asset. Moreover, if expenditure is a capital expense, it should be essentially capitalized, which requires the company to increase the cost of expenditure over the assets’ useful life. However, if the expense is one which assists in maintaining the asset at its present condition, the cost is subtracted fully in the year of expense.

Capital Expenditure (CAPEX)

Capital Expenditure (CAPEX)
Capital Expenditure (CAPEX)
Meaning and definition of capital expenditure
Calculating Capital Expenditure

Capital Expenditure (CAPEX)
Capital Expenditure (CAPEX)
Accounting Print Email
Meaning and definition of capital expenditure
The general definition of capital expenditure can be given as the funds utilized by a company for acquiring or upgrading the physical assets like property, equipment, or industrial buildings. This outlay type is created by the companies to maintain or raise the scope of their operations. These expenditures count everything from roof repairing to building a brand new factory. The capital expenditure (CAPEX) includes expenses like building renovations or equipment up gradation of equipment which adds value to the assets of a company. Moreover, the capital expenditures generally depreciate with time and feature a long life. As explained by Investopedia, the amount of capital expenditures incurred by a company depends upon the industry occupied by it. Some of the most capital intensive industries are telecom, utilities, and oil. In accounting terms, expenditure is considered as a capital expenditure if the asset is a recently purchased capital asset or an investment that is helpful in improving the useful life of an existing capital asset. Moreover, if expenditure is a capital expense, it should be essentially capitalized, which requires the company to increase the cost of expenditure over the assets’ useful life. However, if the expense is one which assists in maintaining the asset at its present condition, the cost is subtracted fully in the year of expense.

New Qualified Improvement Property Category in 2016 New Qualified Improvement Property Category in 2016
New Qualified Improvement Property Category in 2016
By Eddie Price posted 06-29-2016 03:49 PM
Permalink
 Similar to Qualified Leasehold Improvements, QIP specifically excludes expenditures for (1) the enlargement of a building, (2) elevators or escalators, or (3) the internal structural framework of a building. Qualified Improvement Property is not eligible for Section 179 unless it also meets the definition of a Qualified Leasehold Improvement, Qualified Retail Improvement, or Qualified Restaurant Property. Differences with Qualified Leasehold Improvements
The QIP definition is similar to that of Qualified Leasehold Improvements; however, there are subtle but distinct differences to note. For one, Qualified Improvement Property does not have the Qualified Leasehold Improvements requirement that a building must have been placed in service at least three years prior to the expenditure. Further, QIP is not restricted to expenditures pursuant to a lease between non-related parties. Interior components such as common area improvements in multi-tenant buildings, interior improvements in an owner occupied building, or tenant improvements in a building less than three-years old may be eligible for bonus depreciation as QIP even though they have 39-year recovery periods. Interaction with other Qualified Property
Improvements that meet the criteria for QIP can also meet the criteria for Qualified Leasehold Improvements and Qualified Retail Improvement Property. Since the PATH Act removed the exclusion of Qualified Retail Improvement Property from bonus eligibility, it is more advantageous to use the 15 year recovery period offered by this category. For Qualified Restaurant Property however, bonus depreciation is limited to only those improvements that also meet the definition of QIP.

New Qualified Improvement Property Category in 2016

New Qualified Improvement Property Category in 2016
New Qualified Improvement Property Category in 2016
By Eddie Price posted 06-29-2016 03:49 PM
Permalink

Similar to Qualified Leasehold Improvements, QIP specifically excludes expenditures for (1) the enlargement of a building, (2) elevators or escalators, or (3) the internal structural framework of a building. Qualified Improvement Property is not eligible for Section 179 unless it also meets the definition of a Qualified Leasehold Improvement, Qualified Retail Improvement, or Qualified Restaurant Property. Differences with Qualified Leasehold Improvements
The QIP definition is similar to that of Qualified Leasehold Improvements; however, there are subtle but distinct differences to note. For one, Qualified Improvement Property does not have the Qualified Leasehold Improvements requirement that a building must have been placed in service at least three years prior to the expenditure. Further, QIP is not restricted to expenditures pursuant to a lease between non-related parties. Interior components such as common area improvements in multi-tenant buildings, interior improvements in an owner occupied building, or tenant improvements in a building less than three-years old may be eligible for bonus depreciation as QIP even though they have 39-year recovery periods. Interaction with other Qualified Property
Improvements that meet the criteria for QIP can also meet the criteria for Qualified Leasehold Improvements and Qualified Retail Improvement Property. Since the PATH Act removed the exclusion of Qualified Retail Improvement Property from bonus eligibility, it is more advantageous to use the 15 year recovery period offered by this category. For Qualified Restaurant Property however, bonus depreciation is limited to only those improvements that also meet the definition of QIP.

Tax Geek Tuesday: Changes To Depreciation In The New Tax Law Tax Geek Tuesday: Changes To Depreciation In The New Tax Law
More From Forbes
Tax Geek Tuesday: Changes To Depreciation In The New Tax Law
Changes to Depreciation Lives
Current Law
New Law
Changes To ADS Depreciation
Current Law
New Law
Changes To Bonus Depreciation
Current Law
New Law
Depreciation of Listed Property
Current Law
New Law
Current Law
New Law
Summary
 ABC LLC finishes the construction of a building on January 1, 2016. It will lease the 3rd floor to X Co as office space. X Co. moves in on March 1, 2016 and immediately builds out the rental space to meet their needs, spending $30,000 on cubicles, shelving, and other non-permanent additions. These improvements do NOT meet the definition of qualified leasehold, restaurant or retail improvements, because the building had not been placed in service for 3 years before the improvements were made; as a result, they cannot be depreciated over 15 years. The improvements do, however, meet the definition of "qualified improvement property," because the improvements were made to the interior portion of nonresidential real property after the building was first placed in service. But here's the thing: qualified improvement property that fails to also meet the definition of a qualified leasehold, retail, or restaurant improvement -- like the tenant build-out in the example above -- is NOT guaranteed the same shortened 15-year life afforded the latter three types of property. Instead, under current law, qualified improvement property is stuck with the same old 39-year life as any other improvement made to nonresidential real property. So what's the benefit of qualified improvement property if it doesn't get the 15 year life?

Tax Geek Tuesday: Changes To Depreciation In The New Tax Law

Tax Geek Tuesday: Changes To Depreciation In The New Tax Law
More From Forbes
Tax Geek Tuesday: Changes To Depreciation In The New Tax Law
Changes to Depreciation Lives
Current Law
New Law
Changes To ADS Depreciation
Current Law
New Law
Changes To Bonus Depreciation
Current Law
New Law
Depreciation of Listed Property
Current Law
New Law
Current Law
New Law
Summary

ABC LLC finishes the construction of a building on January 1, 2016. It will lease the 3rd floor to X Co as office space. X Co. moves in on March 1, 2016 and immediately builds out the rental space to meet their needs, spending $30,000 on cubicles, shelving, and other non-permanent additions. These improvements do NOT meet the definition of qualified leasehold, restaurant or retail improvements, because the building had not been placed in service for 3 years before the improvements were made; as a result, they cannot be depreciated over 15 years. The improvements do, however, meet the definition of "qualified improvement property," because the improvements were made to the interior portion of nonresidential real property after the building was first placed in service. But here's the thing: qualified improvement property that fails to also meet the definition of a qualified leasehold, retail, or restaurant improvement -- like the tenant build-out in the example above -- is NOT guaranteed the same shortened 15-year life afforded the latter three types of property. Instead, under current law, qualified improvement property is stuck with the same old 39-year life as any other improvement made to nonresidential real property. So what's the benefit of qualified improvement property if it doesn't get the 15 year life?

List of Property Improvements That Are Taxable | Small Business - Chron.com List of Property Improvements That Are Taxable
List of Property Improvements That Are Taxable
Property Additions and Renovations
Safety Improvements
Utility/Energy Improvements
Exceptions: Deductions and Tax Credits
Property Tax Basis and Lowering Capital Gains Tax
References
 Property Tax Basis and Lowering Capital Gains Tax
While capital improvement can affect the property taxes an owner must pay, they also have a significant advantage by increasing the tax basis of the property. When a property is sold, the owner must generally pay taxes on any gains (taking into account any current exemptions). However, as Intuit explains capital improvements can be deducted from gains because it was money invested in improving the property value, thus lowering the total amount of capital gains tax that the owner must pay. ‒‒:‒‒
/
‒‒:‒‒
Replay
Skip
Ads by
Read More
References
Intuit: Home Improvements and Your Taxes
Energy.gov: Tax Incentives for Energy Efficiency Upgrades in Commercial Buildings
Writer Bio
The tech and business worlds yield constant surprises: Writer Tyler Lacoma covers the most important changes, and what to expect from the future. He also works in home improvement, gaming, and fiction. Related Articles
What Is Considered a Capital Improvement in Property Management? Definition of Leasehold Improvements
How to Determine the Cost Basis for Depreciation on a Rental Home
Tax Credits for Building Renovations
Tax Deductions for Rental Property Improvements
How Tax Abatements Work
Replacement Levy Vs.

Property Tax Basis and Lowering Capital Gains Tax
While capital improvement can affect the property taxes an owner must pay, they also have a significant advantage by increasing the tax basis of the property. When a property is sold, the owner must generally pay taxes on any gains (taking into account any current exemptions). However, as Intuit explains capital improvements can be deducted from gains because it was money invested in improving the property value, thus lowering the total amount of capital gains tax that the owner must pay. ‒‒:‒‒
/
‒‒:‒‒
Replay
Skip
Ads by
Read More
References
Intuit: Home Improvements and Your Taxes
Energy.gov: Tax Incentives for Energy Efficiency Upgrades in Commercial Buildings
Writer Bio
The tech and business worlds yield constant surprises: Writer Tyler Lacoma covers the most important changes, and what to expect from the future. He also works in home improvement, gaming, and fiction. Related Articles
What Is Considered a Capital Improvement in Property Management? Definition of Leasehold Improvements
How to Determine the Cost Basis for Depreciation on a Rental Home
Tax Credits for Building Renovations
Tax Deductions for Rental Property Improvements
How Tax Abatements Work
Replacement Levy Vs.

Lesson Summary Lesson 2: SFIP Overview & Dwelling Form Pt. 1
Lesson 2: SFIP Overview & Dwelling Form Pt. 1
Standard Flood Insurance Policy (SFIP): Overview
Lesson Objectives
Prerequisites
One Policy, Three Forms
How the Forms Are Organized
How the Forms Vary
Check Your Knowledge
How This Course is Organized
The Dwelling Form
Section I. Agreement
Section II. Definitions
Section II. Definitions - Policyholders and Legal Interest
Section II. Definitions - Flood
Section II. Definitions - Actual Cash Value (ACV)
Section II. Definitions - Basement
Section II. Definitions - Building
Section II. Definitions - Condominium
Section II. Definitions - Declarations Page
Section II. Definitions - Described Location
Section II. Definitions - Direct Physical Loss By or From Flood
Section II. Definitions - Elevated Building
Section II. Definitions - Improvements
Section II. Definitions - Emergency Program
Section II. Definitions - Mudflow
Section II. Definitions - Pollutants
Section II. Definitions - Post-FIRM
Section II. Definitions - Regular Program
Section II. Definitions - Special Flood Hazard Area (SFHA)
FIRM Resources
Section II. Definitions - Unit
Section II. Definitions - Valued Policy
Check Your Knowledge
Section III. Property Covered
A. Coverage A: Building Property
A. Coverage A - Building Property, Dwelling
A. Coverage A- Building Property, Additions and Extensions
A. Coverage A: Building Property - Detached Garage at the Described Location
A. Coverage A: Building Property - Materials and Supplies
A. Coverage A: Building Property - Building Under Construction
A. Coverage A: Building Property - Manufactured (Mobile) Home or Travel Trailer
A. Coverage A: Building Property - Coverage A Only Items
A. Coverage A: Building Property - Coverage A Only Items (cont'd)
A. Coverage A: Building Property - Coverage A Only Items (cont'd)
B. Coverage B: Personal Property
B. Coverage B: Personal Property (cont'd)
B. Coverage B: Personal Property - Coverage B Only Items
B. Coverage B: Personal Property - Personal Property Located Below the Lowest Elevated Floor
B. Coverage B: Personal Property - Tenants
B. Coverage B: Personal Property - Condominium Unit
B. Coverage B: Personal Property - Special Limits
C. Coverage C - Other Coverages
C. Coverage C - Other Coverages - Debris Removal
C. Coverage C: Other Coverages - Loss Avoidance Measures
Sandbags, Supplies, and Labor
C. Coverage C: Other Coverages - Loss Avoidance Measures
Property Removed to Safety
C. Coverage C: Other Coverages - Condominium Loss Assessments
D. Coverage D: Increased Cost of Compliance (ICC)
D. Coverage D: Increased Cost of Compliance (ICC) - Limit of Liability
D. Coverage D: Increased Cost of Compliance (ICC), Eligibility
D. Coverage D - Increased Cost of Compliance (ICC), Eligibility (cont'd)
D. Coverage D - Increased Cost of Compliance (ICC) - Eligibility (cont'd)
D. Coverage D - Increased Cost of Compliance (ICC): Conditions
D. Coverage D - Increased Cost of Compliance (ICC): - Exclusions
D. Coverage D - Increased Cost of Compliance (ICC): Other Provisions
D. Coverage D - Increased Cost of Compliance (ICC) - Date of Loss
D. Coverage D - Increased Cost of Compliance - Assignment
D. Coverage D - Increased Cost of Compliance Adjuster Duties
Check Your Knowledge
What's Next?
 Definitions - Direct Physical Loss By or From Flood
The SFIP defines this as loss or damage to insured property directly caused by a flood. There must be evidence of physical changes to the property. Section II. Definitions - Elevated Building
An elevated building is a building that: Has no basement
Has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns
Section II. Definitions - Improvements
Improvements are defined in the Dwelling Form as fixtures, alterations, installations, or additions comprising a part of the insured dwelling or the apartment in which the policyholder resides. Adjuster Tip: The adjuster should be aware of the differences in coverage for improvements in the General Property Form and RCBAP, which define improvements as follows: General Property Form: Fixtures, alterations, installations, or additions comprising a part of the insured building.

Lesson Summary

Definitions - Direct Physical Loss By or From Flood
The SFIP defines this as loss or damage to insured property directly caused by a flood. There must be evidence of physical changes to the property. Section II. Definitions - Elevated Building
An elevated building is a building that: Has no basement
Has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns
Section II. Definitions - Improvements
Improvements are defined in the Dwelling Form as fixtures, alterations, installations, or additions comprising a part of the insured dwelling or the apartment in which the policyholder resides. Adjuster Tip: The adjuster should be aware of the differences in coverage for improvements in the General Property Form and RCBAP, which define improvements as follows: General Property Form: Fixtures, alterations, installations, or additions comprising a part of the insured building.

Capital Project Definition Capital Project
Capital Project
What Is a Capital Project?
Key Takeaways
Understanding Capital Projects
Examples of Capital Projects
Special Considerations
 Capital Project Definition
Corporate Finance & Accounting Corporate Finance
Capital Project
By
Adam Barone
Reviewed by
Full Bio
Follow
LinkedIn with Background
Linkedin
Follow Twitter
Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university. Article Reviewed on November 14, 2020
Learn about our Financial Review Board
Margaret James
Updated Nov 14, 2020
What Is a Capital Project? A capital project is a long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset. Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources. Key Takeaways
A capital project is an often pricy, long-term project that is meant to expand, maintain or improve upon a significant piece of property owned by the company. A capital project is distinct from other company projects as it is large in scale, high in cost, and requires considerable planning relative to other investments. Capital projects often refer to infrastructure, like roads or railways, or in the case of a corporation, the development of a manufacturing plant or office. Understanding Capital Projects
A capital project is a project in which the cost of the product is capitalized or depreciated. The most common examples of capital projects are infrastructure projects such as railways, roads, and dams. In addition, these projects include assets such as subways, pipelines, refineries, power plants, land, and buildings.

Capital Project Definition

Capital Project
Capital Project
What Is a Capital Project?
Key Takeaways
Understanding Capital Projects
Examples of Capital Projects
Special Considerations

Capital Project Definition
Corporate Finance & Accounting Corporate Finance
Capital Project
By
Adam Barone
Reviewed by
Full Bio
Follow
LinkedIn with Background
Linkedin
Follow Twitter
Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university. Article Reviewed on November 14, 2020
Learn about our Financial Review Board
Margaret James
Updated Nov 14, 2020
What Is a Capital Project? A capital project is a long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset. Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources. Key Takeaways
A capital project is an often pricy, long-term project that is meant to expand, maintain or improve upon a significant piece of property owned by the company. A capital project is distinct from other company projects as it is large in scale, high in cost, and requires considerable planning relative to other investments. Capital projects often refer to infrastructure, like roads or railways, or in the case of a corporation, the development of a manufacturing plant or office. Understanding Capital Projects
A capital project is a project in which the cost of the product is capitalized or depreciated. The most common examples of capital projects are infrastructure projects such as railways, roads, and dams. In addition, these projects include assets such as subways, pipelines, refineries, power plants, land, and buildings.

MRSC - Asset Management Policies Asset Management Policies
Asset Management Policies
What is Asset Management?
Key Components of an Asset Management Policy
Scope and Purpose
Key definitions to consider:
Capitalization Threshold
Key questions to consider:
Additions, Transfers, Disposals, and Losses
Key questions to consider:
Inventory and Periodic Assessment of Condition
Key questions to consider:
Maintenance and Repair
Key questions to consider:
Examples of Asset Management Policies
City Asset Management Policies (General)
City Small and Attractive Asset Policies
County Asset Management Policies
Special Purpose District Asset Management Policies
Inventory and Disposition Forms and Checklists
Asset Management RFPs
 Recommended Resources
 Defining the terms used throughout the policy will ensure that those responsible for implementing the policy have a clear understanding of the requirements. For “cash basis” accounting and reporting entities in particular, it is important to clarify within the scope and purpose statement the objectives of the asset management system. While GAAP entities are required to account for and report capital assets in their financial statements, cash basis entities do not record assets within their financials except to expense them when purchased. As a result, the focus for cash basis entities is on management of the public asset to ensure its safekeeping at the lowest life cycle cost. Key definitions to consider: Capital Assets are those assets that are intended to be held or used for the long-term. Examples include land, buildings, artwork, improvements, machinery, and equipment. Your policy should designate a capitalization threshold (see below) and consider the asset’s life expectancy. Infrastructure refers to the local government's public works system. The definition is similar to capital assets and may or may not have the same capitalization threshold.

MRSC - Asset Management Policies

Asset Management Policies
Asset Management Policies
What is Asset Management?
Key Components of an Asset Management Policy
Scope and Purpose
Key definitions to consider:
Capitalization Threshold
Key questions to consider:
Additions, Transfers, Disposals, and Losses
Key questions to consider:
Inventory and Periodic Assessment of Condition
Key questions to consider:
Maintenance and Repair
Key questions to consider:
Examples of Asset Management Policies
City Asset Management Policies (General)
City Small and Attractive Asset Policies
County Asset Management Policies
Special Purpose District Asset Management Policies
Inventory and Disposition Forms and Checklists
Asset Management RFPs
 Recommended Resources

Defining the terms used throughout the policy will ensure that those responsible for implementing the policy have a clear understanding of the requirements. For “cash basis” accounting and reporting entities in particular, it is important to clarify within the scope and purpose statement the objectives of the asset management system. While GAAP entities are required to account for and report capital assets in their financial statements, cash basis entities do not record assets within their financials except to expense them when purchased. As a result, the focus for cash basis entities is on management of the public asset to ensure its safekeeping at the lowest life cycle cost. Key definitions to consider: Capital Assets are those assets that are intended to be held or used for the long-term. Examples include land, buildings, artwork, improvements, machinery, and equipment. Your policy should designate a capitalization threshold (see below) and consider the asset’s life expectancy. Infrastructure refers to the local government's public works system. The definition is similar to capital assets and may or may not have the same capitalization threshold.

Equipment Disposition | Equipment Inventory Office Equipment Disposition
Equipment Disposition
Equipment Definition
Federal definition of Equipment and Acquisition Costs:
UW Equipment Office policies:
Equipment Purchase Approval
Equipment Cost Allocation
Equipment Disposition
 Equipment Disposition | Equipment Inventory Office
Equipment Disposition
Equipment Definition
Federal definition of Equipment and Acquisition Costs: 2 CFR 200.33 Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes, or $5,000. 2 CFR 200.2 Acquisition costs: “ Ancillary charges, such as taxes, duty, protective in transit insurance, freight, and installation may be included in, or excluded from the acquisition cost in accordance with the institution's regular accounting practices”
UW Equipment Office policies: Equipment Definition: Tangible property other than land, buildings, improvements other than buildings, or infrastructure with a unit cost (including ancillary costs) of $5,000 or more which is used in operations and with a useful life of more than one year. Equipment may be attached to a structure for purposes of securing the item, but unless it is permanently attached to, or an integral part of, the building or structure, it is to be classified as equipment and not buildings. FAQ: Tangible assets acquired through donation, gift, purchase, loan, capital lease, or self-construction, with a life expectancy of more than one year and a total acquisition cost of $5,000 or more (total purchase price including shipping, handling, tax, etc.) should be assigned an appropriate University equipment identification tag and inventoried.

Equipment Disposition | Equipment Inventory Office

Equipment Disposition
Equipment Disposition
Equipment Definition
Federal definition of Equipment and Acquisition Costs:
UW Equipment Office policies:
Equipment Purchase Approval
Equipment Cost Allocation
Equipment Disposition

Equipment Disposition | Equipment Inventory Office
Equipment Disposition
Equipment Definition
Federal definition of Equipment and Acquisition Costs: 2 CFR 200.33 Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes, or $5,000. 2 CFR 200.2 Acquisition costs: “ Ancillary charges, such as taxes, duty, protective in transit insurance, freight, and installation may be included in, or excluded from the acquisition cost in accordance with the institution's regular accounting practices”
UW Equipment Office policies: Equipment Definition: Tangible property other than land, buildings, improvements other than buildings, or infrastructure with a unit cost (including ancillary costs) of $5,000 or more which is used in operations and with a useful life of more than one year. Equipment may be attached to a structure for purposes of securing the item, but unless it is permanently attached to, or an integral part of, the building or structure, it is to be classified as equipment and not buildings. FAQ: Tangible assets acquired through donation, gift, purchase, loan, capital lease, or self-construction, with a life expectancy of more than one year and a total acquisition cost of $5,000 or more (total purchase price including shipping, handling, tax, etc.) should be assigned an appropriate University equipment identification tag and inventoried.

What is Brownfield? - Definition from Techopedia Brownfield
Brownfield
What Does Brownfield Mean?
Techopedia Explains Brownfield
Synonyms
Tags
Trending Articles
 What is Brownfield? - Definition from Techopedia
Dictionary
Software
Brownfield
Table of Contents
What Does Brownfield Mean? Techopedia Explains Brownfield
What Does Brownfield Mean? Brownfield refers to the implementation of new systems to resolve IT problem areas while accounting for established systems. New software architecture must account for existing and running software. A commonly used IT term, Brownfield was borrowed from the building industry, where brownfield land describes a geographical location where new buildings may be constructed after considering the area's established structures and services. Advertisement
Techopedia Explains Brownfield
Brownfield development enhances traditional software engineering practices. Greenfield, or a blank slate, is considered the traditional target environment during software development. Brownfield extends the traditional software development plan to add context. Thus, the context of the IT system under construction and all system details are factored into any development practice prior to implementing improvements.

What is Brownfield? - Definition from Techopedia

Brownfield
Brownfield
What Does Brownfield Mean?
Techopedia Explains Brownfield
Synonyms
Tags
Trending Articles

What is Brownfield? - Definition from Techopedia
Dictionary
Software
Brownfield
Table of Contents
What Does Brownfield Mean? Techopedia Explains Brownfield
What Does Brownfield Mean? Brownfield refers to the implementation of new systems to resolve IT problem areas while accounting for established systems. New software architecture must account for existing and running software. A commonly used IT term, Brownfield was borrowed from the building industry, where brownfield land describes a geographical location where new buildings may be constructed after considering the area's established structures and services. Advertisement
Techopedia Explains Brownfield
Brownfield development enhances traditional software engineering practices. Greenfield, or a blank slate, is considered the traditional target environment during software development. Brownfield extends the traditional software development plan to add context. Thus, the context of the IT system under construction and all system details are factored into any development practice prior to implementing improvements.

26 CFR § 1.263 (a)-1 - Capital expenditures; in general. | CFR | US Law | LII / Legal Information Institute 26 CFR § 1.263 (a)-1 - Capital expenditures; in general.
26 CFR § 1.263 (a)-1 - Capital expenditures; in general.
§ 1.263 (a)-1 Capital expenditures; in general.
Example 1. Sales costs of real property
Example 2. Sales costs of dealers
Example 3. Sales costs of personal property used in a trade or business
Example 4. Costs of abandoned sale of personal property used in a trade or business
Example 5. Sales costs of personal property not used in a trade or business
Example 6. Costs of abandoned sale of personal property not used in a trade or business
Example 1. De minimis safe harbor; taxpayer without AFS.
Example 2. De minimis safe harbor; taxpayer without AFS.
Example 3. De minimis safe harbor; taxpayer with AFS.
Example 4. De minimis safe harbor; taxpayer with AFS.
Example 5. De minimis safe harbor; additional invoice costs.
Example 6. De minimis safe harbor; non-invoice additional costs.
Example 7. De minimis safe harbor; 12-month economic useful life.
Example 8. De minimis safe harbor; limitation.
Example 9. De minimis safe harbor; materials and supplies.
Example 10. De minimis safe harbor; coordination with section 263A.
Example 11. De minimis safe harbor; anti-abuse rule.
 (1) Amount paid. In the case of a taxpayer using an accrual method of accounting, the terms amount paid and payment mean a liability incurred (within the meaning of § 1.446-1 (c) (1) (ii) ). A liability may not be taken into account under this section prior to the taxable year during which the liability is incurred. (2) Produce means construct, build, install, manufacture, develop, create, raise, or grow. This definition is intended to have the same meaning as the definition used for purposes of section 263A (g) (1) and § 1.263A-2 (a) (1) (i), except that improvements are excluded from the definition in this paragraph (c) (2) and are separately defined and addressed in § 1.263 (a)-3 . (d) Examples of capital expenditures. The following amounts paid are examples of capital expenditures: (1) An amount paid to acquire or produce a unit of real or personal tangible property. See § 1.263 (a)-2 . (2) An amount paid to improve a unit of real or personal tangible property.

26 CFR § 1.263 (a)-1 - Capital expenditures; in general. | CFR | US Law | LII / Legal Information Institute

26 CFR § 1.263 (a)-1 - Capital expenditures; in general.
26 CFR § 1.263 (a)-1 - Capital expenditures; in general.
§ 1.263 (a)-1 Capital expenditures; in general.
Example 1. Sales costs of real property
Example 2. Sales costs of dealers
Example 3. Sales costs of personal property used in a trade or business
Example 4. Costs of abandoned sale of personal property used in a trade or business
Example 5. Sales costs of personal property not used in a trade or business
Example 6. Costs of abandoned sale of personal property not used in a trade or business
Example 1. De minimis safe harbor; taxpayer without AFS.
Example 2. De minimis safe harbor; taxpayer without AFS.
Example 3. De minimis safe harbor; taxpayer with AFS.
Example 4. De minimis safe harbor; taxpayer with AFS.
Example 5. De minimis safe harbor; additional invoice costs.
Example 6. De minimis safe harbor; non-invoice additional costs.
Example 7. De minimis safe harbor; 12-month economic useful life.
Example 8. De minimis safe harbor; limitation.
Example 9. De minimis safe harbor; materials and supplies.
Example 10. De minimis safe harbor; coordination with section 263A.
Example 11. De minimis safe harbor; anti-abuse rule.

(1) Amount paid. In the case of a taxpayer using an accrual method of accounting, the terms amount paid and payment mean a liability incurred (within the meaning of § 1.446-1 (c) (1) (ii) ). A liability may not be taken into account under this section prior to the taxable year during which the liability is incurred. (2) Produce means construct, build, install, manufacture, develop, create, raise, or grow. This definition is intended to have the same meaning as the definition used for purposes of section 263A (g) (1) and § 1.263A-2 (a) (1) (i), except that improvements are excluded from the definition in this paragraph (c) (2) and are separately defined and addressed in § 1.263 (a)-3 . (d) Examples of capital expenditures. The following amounts paid are examples of capital expenditures: (1) An amount paid to acquire or produce a unit of real or personal tangible property. See § 1.263 (a)-2 . (2) An amount paid to improve a unit of real or personal tangible property.

What does Insurable Value mean? | Colorado Appraisal Consultants What does Insurable Value Mean?
What does Insurable Value Mean?
Short Answer
Definition
What it Means
Related Topics
 What does Insurable Value mean? | Colorado Appraisal Consultants
What does Insurable Value Mean? Short Answer
Replacement cost new of the building improvements. Definition
Insurable Value is generally defined as: “The cost of total replacement of destructible improvements to a property; may be based on replacement cost rather than market value.” What it Means
Insurable Value is typically the replacement cost new of the building improvements only. In some cases, site improvements may be included. Most insurance companies only cover the building, however. Insurable value does not take into account land value, due to the fact that land is generally considered indestructible within the realm of real estate appraisal, nor is it insured.

What does Insurable Value mean? | Colorado Appraisal Consultants

What does Insurable Value Mean?
What does Insurable Value Mean?
Short Answer
Definition
What it Means
Related Topics

What does Insurable Value mean? | Colorado Appraisal Consultants
What does Insurable Value Mean? Short Answer
Replacement cost new of the building improvements. Definition
Insurable Value is generally defined as: “The cost of total replacement of destructible improvements to a property; may be based on replacement cost rather than market value.” What it Means
Insurable Value is typically the replacement cost new of the building improvements only. In some cases, site improvements may be included. Most insurance companies only cover the building, however. Insurable value does not take into account land value, due to the fact that land is generally considered indestructible within the realm of real estate appraisal, nor is it insured.

Lessor vs Lessee Accounting Explained: FASB, IFRS, & GASB Lessor vs. Lessee Accounting Explained: FASB, IFRS, and GASB
Lessor vs. Lessee Accounting Explained: FASB, IFRS, and GASB
What is lease accounting?
Lessor vs. lessee
Lessor definition
Lessee definition
Lessee vs. lessor accounting
ASC 842
ASC 842 lease accounting examples
IFRS 16
IFRS 16 lease accounting examples
GASB 87
GASB 87 lease accounting examples
Summary
 Recent accounting pronouncements have changed the way lessees and lessors are required to account for and report their leases. The terms “lessor” and “lessee” are used to identify the different parties involved in a lease agreement. This distinction is important, because lease accounting as a lessor is significantly different from lease accounting as a lessee. When the various accounting boards for the domestic, international, and government entities issued new lease accounting standards, the underlying definitions of lessor and lessee did not change. However, some of the accounting treatment for lessors and lessees under the new lease standards did change. Lessor vs. lessee
Lessor definition
A lessor is defined as an entity (i.e. a person, a company, or an organization) that provides the right to use an asset for a period of time in exchange for consideration. One of the more common scenarios of a lease agreement is an entity renting their owned property to another entity for a monthly cash payment. For example, if an organization owns a building and leases the right to use the building or space within the building, the owner of the building is the lessor. Lessee definition
A lessee is defined as the entity paying for the use of specific property from a lessor. For example, if a person leases a vehicle from a car dealership, the person using the car is the lessee.

Lessor vs Lessee Accounting Explained: FASB, IFRS, & GASB

Lessor vs. Lessee Accounting Explained: FASB, IFRS, and GASB
Lessor vs. Lessee Accounting Explained: FASB, IFRS, and GASB
What is lease accounting?
Lessor vs. lessee
Lessor definition
Lessee definition
Lessee vs. lessor accounting
ASC 842
ASC 842 lease accounting examples
IFRS 16
IFRS 16 lease accounting examples
GASB 87
GASB 87 lease accounting examples
Summary

Recent accounting pronouncements have changed the way lessees and lessors are required to account for and report their leases. The terms “lessor” and “lessee” are used to identify the different parties involved in a lease agreement. This distinction is important, because lease accounting as a lessor is significantly different from lease accounting as a lessee. When the various accounting boards for the domestic, international, and government entities issued new lease accounting standards, the underlying definitions of lessor and lessee did not change. However, some of the accounting treatment for lessors and lessees under the new lease standards did change. Lessor vs. lessee
Lessor definition
A lessor is defined as an entity (i.e. a person, a company, or an organization) that provides the right to use an asset for a period of time in exchange for consideration. One of the more common scenarios of a lease agreement is an entity renting their owned property to another entity for a monthly cash payment. For example, if an organization owns a building and leases the right to use the building or space within the building, the owner of the building is the lessor. Lessee definition
A lessee is defined as the entity paying for the use of specific property from a lessor. For example, if a person leases a vehicle from a car dealership, the person using the car is the lessee.

What is Cash Accounting? Definition of Cash Accounting, Cash Accounting Meaning - The Economic Times Definition of 'Cash Accounting'
Finance
Definition of 'Cash Accounting'
 A Company’s balance sheet as well as income statements should be studied carefully to come to a conclusion. Cash level might be increasing for a company because it might have sold some of its assets, but that doesn’t mean the liquidity is improving. If the company has sold off some of its assets to pay off debt then this is a negative sign and should be investigated further for more clarification. If the company is not reinvesting cash then this is also a negative sign because in that case it is not using the opportunity to diversify or build business for expansion. Read More
Definition of 'Cash Accounting'
Definition: Cash accounting is the methodology under which transactions are recorded when they actually happen. For example, income will be recorded when the company receives cash and expenses are recorded when they are actually paid out and not when the bill is raised. Description: There are two basic type of accounting methodologies – one is cash accounting and the other is accrual accounting. Both systems have their own benefits.

What is Cash Accounting? Definition of Cash Accounting, Cash Accounting Meaning - The Economic Times

Definition of 'Cash Accounting'
Finance
Definition of 'Cash Accounting'

A Company’s balance sheet as well as income statements should be studied carefully to come to a conclusion. Cash level might be increasing for a company because it might have sold some of its assets, but that doesn’t mean the liquidity is improving. If the company has sold off some of its assets to pay off debt then this is a negative sign and should be investigated further for more clarification. If the company is not reinvesting cash then this is also a negative sign because in that case it is not using the opportunity to diversify or build business for expansion. Read More
Definition of 'Cash Accounting'
Definition: Cash accounting is the methodology under which transactions are recorded when they actually happen. For example, income will be recorded when the company receives cash and expenses are recorded when they are actually paid out and not when the bill is raised. Description: There are two basic type of accounting methodologies – one is cash accounting and the other is accrual accounting. Both systems have their own benefits.

Movable and Immovable Assets - Cape Value Movable and Immovable Assets
Movable and Immovable Assets
Immovable property – legal terms
Moveable assets – legal terms
Distinguishing between movable and immovable assets – the main aim of this article
 Movable and Immovable Assets - Cape Value
Movable and Immovable Assets
March 30, 2015 / in Insurance Valuation, Property Valuation / by David J v Vuuren
This article provides a brief account of some definitions and terminology used in the property industry. The aim is to highlight the distinction between the terms movable and immovable assets (also referred to as property). In order to do this we will look at a few definitions as defined by the IVSC. The definitions from the International Valuation Standards (2013) are reproduced with prior permission obtained (2007) of the International Valuation Standards Council who owns the copyright. No responsibility is accepted by the IVSC for the accuracy of information contained in the text as republished, the English version of the IVSC Standards as published by the IVSC from time to time being the only official version of the IVSC Standards. The article is divided into two sections. First, there is the terms and definitions section here below that is technical in nature and can be skipped if you are not interested. The second, is the explanation of the difference between movable and immovable property, which is the focus of this article. Immovable property – legal terms
Real estate is land and all things that are a natural part of the land, e.g. trees, minerals and things that have been attached to the land, e.g. buildings and site improvements and all permanent building attachments, e.g. mechanical and electrical plant providing services to a building, that are both below and above the ground. Real property is all the rights, interests and benefits related to the ownership of real estate.

Movable and Immovable Assets - Cape Value

Movable and Immovable Assets
Movable and Immovable Assets
Immovable property – legal terms
Moveable assets – legal terms
Distinguishing between movable and immovable assets – the main aim of this article

Movable and Immovable Assets - Cape Value
Movable and Immovable Assets
March 30, 2015 / in Insurance Valuation, Property Valuation / by David J v Vuuren
This article provides a brief account of some definitions and terminology used in the property industry. The aim is to highlight the distinction between the terms movable and immovable assets (also referred to as property). In order to do this we will look at a few definitions as defined by the IVSC. The definitions from the International Valuation Standards (2013) are reproduced with prior permission obtained (2007) of the International Valuation Standards Council who owns the copyright. No responsibility is accepted by the IVSC for the accuracy of information contained in the text as republished, the English version of the IVSC Standards as published by the IVSC from time to time being the only official version of the IVSC Standards. The article is divided into two sections. First, there is the terms and definitions section here below that is technical in nature and can be skipped if you are not interested. The second, is the explanation of the difference between movable and immovable property, which is the focus of this article. Immovable property – legal terms
Real estate is land and all things that are a natural part of the land, e.g. trees, minerals and things that have been attached to the land, e.g. buildings and site improvements and all permanent building attachments, e.g. mechanical and electrical plant providing services to a building, that are both below and above the ground. Real property is all the rights, interests and benefits related to the ownership of real estate.

What is a Negative Feedback Loop? - Definition | Meaning | Example What is a Negative Feedback Loop?
What is a Negative Feedback Loop?
What Does Negative Feedback Loop Mean?
Example
Summary Definition
 What is a Negative Feedback Loop? - Definition | Meaning | Example
What is a Negative Feedback Loop? Home » Accounting Dictionary » What is a Negative Feedback Loop? Definition: A negative feedback loop is a process where customers’ complaints are collected and used to improve new product and service designs. Listening to customers’ criticisms helps businesses become responsive in customer problems and also makes customers feel valued and appreciated. What Does Negative Feedback Loop Mean? What is the definition of negative feedback loop? Negative feedback loops are particularly important for small businesses that want to earn more loyal customers. By listening to their customers and interacting with them over time, businesses build strong customer relationships that boost customer loyalty and satisfaction.

What is a Negative Feedback Loop? - Definition | Meaning | Example

What is a Negative Feedback Loop?
What is a Negative Feedback Loop?
What Does Negative Feedback Loop Mean?
Example
Summary Definition

What is a Negative Feedback Loop? - Definition | Meaning | Example
What is a Negative Feedback Loop? Home » Accounting Dictionary » What is a Negative Feedback Loop? Definition: A negative feedback loop is a process where customers’ complaints are collected and used to improve new product and service designs. Listening to customers’ criticisms helps businesses become responsive in customer problems and also makes customers feel valued and appreciated. What Does Negative Feedback Loop Mean? What is the definition of negative feedback loop? Negative feedback loops are particularly important for small businesses that want to earn more loyal customers. By listening to their customers and interacting with them over time, businesses build strong customer relationships that boost customer loyalty and satisfaction.

 Just in Time Inventory System Definition | Advantages and Disadvantages
The just in time inventory system is a system of managing inventory that is designed to improve efficiency and reduce waste in production. Learn about the advantages and disadvantages of a just in time inventory system. The just in time inventory system is a system of managing inventory that is designed to improve efficiency and reduce waste in production. Learn about the advantages and disadvantages of a just in time inventory system. Blog
CONTACT US
Access SFCO LAB
Sign in SELF STUDY
ABOUT
OVERVIEW
OUR TEAM
CONSULTING ENGAGEMENTS
CONSULTING
OVERVIEW
ONLINE CONSULTING
RESTRUCTURING SERVICES
OUTSOURCED ACCOUNTING SERVICES
MERGERS & ACQUISITIONS
FINANCIAL & OPERATIONAL REPORTING
ACCOUNTING DEPARTMENT EFFICIENCIES
CFO TOOLS & COURSES
OVERVIEW
SCFO LAB
SELF STUDY
QUICKROWS
FLASH REPORT TOOL
PROJECTIONS TOOL
STRATEGIC PRICING MODEL
CASH FLOW TUNE-UP TOOL
EXIT STRATEGY CHECKLIST
FLUX ANALYSIS TOOL
DSO CASH CRUNCHER
SALES GENIE
SWOT ANALYSIS SURVEY
UNDERSTANDING BUSINESS VALUATION
WORKSHOPS
FINANCIAL LEADERSHIP WORKSHOP & FAQ
THE ART OF THE CFO: VIRTUAL FINANCIAL LEADERSHIP WORKSHOP
OPERATIONS – P&L LEADERSHIP WORKSHOP
SERVICES
OVERVIEW
SHORTLYST
ACCOUNTING & FINANCIAL STAFFING
RETAINED SEARCH
COACHING
TESTIMONIALS
WIKICFO
Menu
ABOUT
OVERVIEW
OUR TEAM
CONSULTING ENGAGEMENTS
CONSULTING
OVERVIEW
ONLINE CONSULTING
RESTRUCTURING SERVICES
OUTSOURCED ACCOUNTING SERVICES
MERGERS & ACQUISITIONS
FINANCIAL & OPERATIONAL REPORTING
ACCOUNTING DEPARTMENT EFFICIENCIES
CFO TOOLS & COURSES
OVERVIEW
SCFO LAB
SELF STUDY
QUICKROWS
FLASH REPORT TOOL
PROJECTIONS TOOL
STRATEGIC PRICING MODEL
CASH FLOW TUNE-UP TOOL
EXIT STRATEGY CHECKLIST
FLUX ANALYSIS TOOL
DSO CASH CRUNCHER
SALES GENIE
SWOT ANALYSIS SURVEY
UNDERSTANDING BUSINESS VALUATION
WORKSHOPS
FINANCIAL LEADERSHIP WORKSHOP & FAQ
THE ART OF THE CFO: VIRTUAL FINANCIAL LEADERSHIP WORKSHOP
OPERATIONS – P&L LEADERSHIP WORKSHOP
SERVICES
OVERVIEW
SHORTLYST
ACCOUNTING & FINANCIAL STAFFING
RETAINED SEARCH
COACHING
TESTIMONIALS
WIKICFO
(832) 710-3105
Jul 24
Back To Home
Just in Time Inventory System
See Also: Inventory Turnover Ratio
Perpetual Inventory System
Just in Time Inventory System
Inventory to Working Capital Analysis
Value Drivers: Building Reliable Systems to Sustain Growth
Just in Time Inventory System Definition
The just in time inventorysystem, or JIT, is a system of managing inventorythat is designed to improve efficiencyand reduce waste in a production process, and minimize inventorycarrying costs. The idea is to receive productioninputs only as needed in the production process.

Audit | Definition of Audit at Dictionary.com audit
audit
noun
verb (used with object)
verb (used without object)
QUIZZES
QUIZ YOURSELF ON "WAS" VS. "WERE"!
Meet Grammar Coach
Origin of audit
OTHER WORDS FROM audit
Words nearby audit
Example sentences from the Web for audit
British Dictionary definitions for audit
audit
noun
any thoroughgoing check or examination
verb
Word Origin for audit
Cultural definitions for audit
audit
 Audit | Definition of Audit at Dictionary.com
Top Definitions
Quizzes
Related Content
Examples
British
Cultural
audit
[ aw-dit ]
/ ˈɔ dɪt /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: audit / auditing on Thesaurus.com
noun
an official examination and verification of accounts and records, especially of financial accounts. a report or statement reflecting an audit; a final statement of account. the inspection or examination of a building or other facility to evaluate or improve its appropriateness, safety, efficiency, or the like: An energy audit can suggest ways to reduce home fuel bills. Archaic. a judicial hearing. Obsolete. an audience.

Audit | Definition of Audit at Dictionary.com

audit
audit
noun
verb (used with object)
verb (used without object)
QUIZZES
QUIZ YOURSELF ON "WAS" VS. "WERE"!
Meet Grammar Coach
Origin of audit
OTHER WORDS FROM audit
Words nearby audit
Example sentences from the Web for audit
British Dictionary definitions for audit
audit
noun
any thoroughgoing check or examination
verb
Word Origin for audit
Cultural definitions for audit
audit

Audit | Definition of Audit at Dictionary.com
Top Definitions
Quizzes
Related Content
Examples
British
Cultural
audit
[ aw-dit ]
/ ˈɔ dɪt /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: audit / auditing on Thesaurus.com
noun
an official examination and verification of accounts and records, especially of financial accounts. a report or statement reflecting an audit; a final statement of account. the inspection or examination of a building or other facility to evaluate or improve its appropriateness, safety, efficiency, or the like: An energy audit can suggest ways to reduce home fuel bills. Archaic. a judicial hearing. Obsolete. an audience.

Empire State Building
Energy Consumption and the Built Environment:
The Empire State Building Sustainability Retrofit
With the help of our team of global leaders, the Empire State Building is undergoing an unprecedented, building-wide, sustainability retrofit.
The Problem with Buildings
Energy Consumption
and the Built Environment
A Gift to the World
 Around the world, buildings account for over 70% of the energy used in our cities. As our population grows, so does our thirst for energy. It is not enough to construct new buildings to be more efficient. 90% of all the buildings which will be here in 2035 are here now. We need to implement energy efficiency in the existing built environment, and we need to do it now. The Empire State Building Sustainability Retrofit
With the help of our team of global leaders, the Empire State Building is undergoing an unprecedented, building-wide, sustainability retrofit. Reducing our consumption of watts and BTUs by a guaranteed 38.4%
Cutting our carbon footprint by 105,000 metric tons over the next 15 years
Equivalent to taking over 20,000 cars off the road
The biggest barrier preventing building owners from making their buildings more efficient is the lack of definition of the costs and returns to be achieved from investment in energy efficiency retrofits. The Empire State Building team developed a replicable, transparent, non-proprietary, open-source process that proves sustainability is a smart business decision. The Empire State Building invested millions of dollars in becoming more energy efficient, but the improvements will save the building $4.4 million every year in energy costs, meaning that investment will pay for itself in just 3 years! The Problem with Buildings
Buildings
80%
Energy Consumption
and the Built Environment
Buildings account for nearly 80% of New York's energy consumption.

Empire State Building

Energy Consumption and the Built Environment:
The Empire State Building Sustainability Retrofit
With the help of our team of global leaders, the Empire State Building is undergoing an unprecedented, building-wide, sustainability retrofit.
The Problem with Buildings
Energy Consumption
and the Built Environment
A Gift to the World

Around the world, buildings account for over 70% of the energy used in our cities. As our population grows, so does our thirst for energy. It is not enough to construct new buildings to be more efficient. 90% of all the buildings which will be here in 2035 are here now. We need to implement energy efficiency in the existing built environment, and we need to do it now. The Empire State Building Sustainability Retrofit
With the help of our team of global leaders, the Empire State Building is undergoing an unprecedented, building-wide, sustainability retrofit. Reducing our consumption of watts and BTUs by a guaranteed 38.4%
Cutting our carbon footprint by 105,000 metric tons over the next 15 years
Equivalent to taking over 20,000 cars off the road
The biggest barrier preventing building owners from making their buildings more efficient is the lack of definition of the costs and returns to be achieved from investment in energy efficiency retrofits. The Empire State Building team developed a replicable, transparent, non-proprietary, open-source process that proves sustainability is a smart business decision. The Empire State Building invested millions of dollars in becoming more energy efficient, but the improvements will save the building $4.4 million every year in energy costs, meaning that investment will pay for itself in just 3 years! The Problem with Buildings
Buildings
80%
Energy Consumption
and the Built Environment
Buildings account for nearly 80% of New York's energy consumption.

Audit | Definition of Audit at Dictionary.com audit
audit
noun
verb (used with object)
verb (used without object)
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Set your sights on wordy gold with this quiz on the commonly mixed up words "site," "cite," and sight"!
Meet Grammar Coach
Origin of audit
OTHER WORDS FROM audit
Words nearby audit
Example sentences from the Web for audit
British Dictionary definitions for audit
audit
noun
any thoroughgoing check or examination
verb
to inspect, correct, and certify (accounts, etc)
Word Origin for audit
Cultural definitions for audit
audit
 Audit | Definition of Audit at Dictionary.com
Top Definitions
Quizzes
Related Content
Examples
British
Cultural
audit
[ aw-dit ]
/ ˈɔ dɪt /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: audit / auditing on Thesaurus.com
noun
an official examination and verification of accounts and records, especially of financial accounts. a report or statement reflecting an audit; a final statement of account. the inspection or examination of a building or other facility to evaluate or improve its appropriateness, safety, efficiency, or the like: An energy audit can suggest ways to reduce home fuel bills. Archaic. a judicial hearing. Obsolete. an audience.

audit
audit
noun
verb (used with object)
verb (used without object)
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Set your sights on wordy gold with this quiz on the commonly mixed up words "site," "cite," and sight"!
Meet Grammar Coach
Origin of audit
OTHER WORDS FROM audit
Words nearby audit
Example sentences from the Web for audit
British Dictionary definitions for audit
audit
noun
any thoroughgoing check or examination
verb
to inspect, correct, and certify (accounts, etc)
Word Origin for audit
Cultural definitions for audit
audit

General accounting office | Definition of General accounting office at Dictionary.com General Accounting Office
General Accounting Office
noun U.S. Government.
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Words nearby General Accounting Office
Example sentences from the Web for General Accounting Office
 General accounting office | Definition of General accounting office at Dictionary.com
Top Definitions
Quizzes
Examples
General Accounting Office
New Word List
Word List
noun U.S. Government. an independent auditing and accounting agency that assists Congress and government departments and agencies and settles claims for the federal government. Abbreviation: GAO
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"! Set your sights on wordy gold with this quiz on the commonly mixed up words "site," "cite," and sight"! Question 1 of 7
“Site” and “cite” derive from the same Latin root, “situs.” true
false
TAKE THE QUIZ TO FIND OUT
Meet Grammar Coach
Improve Your Writing
Meet Grammar Coach
Improve Your Writing
Words nearby General Accounting Office
gene patent, gene pool, genera, generable, general, General Accounting Office, general-adaptation syndrome, general admission, General Agreement on Tariffs and Trade, General American, general anaesthetic
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for General Accounting Office
How do you feel about Archer and the gang abandoning the cartel and returning to the office? ‘Archer’ Creator Adam Reed Spills Season 6 Secrets, From Surreal Plotlines to Life Post-ISIS | Marlow Stern | January 8, 2015 | DAILY BEAST
Two witnesses outside the Charlie Hebdo office building quoted the Kouachi brothers claiming they were members of al Qaeda. France Mourns—and Hunts | Nico Hines, Christopher Dickey | January 8, 2015 | DAILY BEAST
“They are hypocritical on this very issue,” Shearer said about Obama, Attorney General Eric Holder and other public officials. Harry Shearer on The Dangerous Business of Satire | Lloyd Grove | January 8, 2015 | DAILY BEAST
Who among Scalise's constituents could possibly care if he supported naming a post office for a black judge who died in 1988?

General accounting office | Definition of General accounting office at Dictionary.com

General Accounting Office
General Accounting Office
noun U.S. Government.
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Words nearby General Accounting Office
Example sentences from the Web for General Accounting Office

Restricted retained earnings definition — AccountingTools Restricted retained earnings definition
Restricted retained earnings definition
What is Restricted Retained Earnings?
Accounting for Restricted Retained Earnings
Terms Similar to Restricted Retained Earnings
Related Courses
 Restricted retained earnings definition — AccountingTools
April 14, 2021
Restricted retained earnings definition
April 14, 2021
/ Steven Bragg
What is Restricted Retained Earnings? Restricted retained earnings refers to that amount of a company's retained earnings that are not available for distribution to shareholders as dividends. The primary reason why retained earnings are restricted is that a company is in arrears in its payment of dividends that were due in the past; if so, the amount of the restriction will match the cumulative amount of unpaid dividends. The restriction will then decline as the dividends are paid off. Another reason is that a lender will not allow the company to pay any dividends until a loan has been paid off, thereby improving the odds of loan repayment. It is possible that the board of directors of a business will vote to restrict other portions of retained earnings that do not relate to cumulative unpaid dividends, such as for funds to construct a building. However, these restrictions may not be legally binding if investors are determined to be paid a dividend. Accounting for Restricted Retained Earnings
The accounting for restricted retained earnings is to move the designated amount into a restricted retained earnings account, which is still part of the equity cluster of general ledger accounts. The amount of any restricted retained earnings should be stated separately as a line item on the balance sheet, and should also be stated in the disclosures that accompany the financial statements.

Restricted retained earnings definition — AccountingTools

Restricted retained earnings definition
Restricted retained earnings definition
What is Restricted Retained Earnings?
Accounting for Restricted Retained Earnings
Terms Similar to Restricted Retained Earnings
Related Courses

Restricted retained earnings definition — AccountingTools
April 14, 2021
Restricted retained earnings definition
April 14, 2021
/ Steven Bragg
What is Restricted Retained Earnings? Restricted retained earnings refers to that amount of a company's retained earnings that are not available for distribution to shareholders as dividends. The primary reason why retained earnings are restricted is that a company is in arrears in its payment of dividends that were due in the past; if so, the amount of the restriction will match the cumulative amount of unpaid dividends. The restriction will then decline as the dividends are paid off. Another reason is that a lender will not allow the company to pay any dividends until a loan has been paid off, thereby improving the odds of loan repayment. It is possible that the board of directors of a business will vote to restrict other portions of retained earnings that do not relate to cumulative unpaid dividends, such as for funds to construct a building. However, these restrictions may not be legally binding if investors are determined to be paid a dividend. Accounting for Restricted Retained Earnings
The accounting for restricted retained earnings is to move the designated amount into a restricted retained earnings account, which is still part of the equity cluster of general ledger accounts. The amount of any restricted retained earnings should be stated separately as a line item on the balance sheet, and should also be stated in the disclosures that accompany the financial statements.

Accountant | Definition of Accountant at Dictionary.com accountant
accountant
noun
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Origin of accountant
OTHER WORDS FROM accountant
Words nearby accountant
Example sentences from the Web for accountant
British Dictionary definitions for accountant
accountant
noun
 Accountant | Definition of Accountant at Dictionary.com
Top Definitions
Quizzes
Related Content
Examples
British
accountant
[ uh- koun-tnt ]
/ əˈkaʊn tnt /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for accountant on Thesaurus.com
noun
a person whose profession is inspecting and auditing personal or commercial accounts. QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"! Set your sights on wordy gold with this quiz on the commonly mixed up words "site," "cite," and sight"! Question 1 of 7
“Site” and “cite” derive from the same Latin root, “situs.” true
false
TAKE THE QUIZ TO FIND OUT
Meet Grammar Coach
Improve Your Writing
Meet Grammar Coach
Improve Your Writing
Origin of accountant
1425–75; account + -ant; replacing late Middle English accomptant <Middle French, Old French acuntant, present participle of acunter to account
OTHER WORDS FROM accountant
ac·count·ant·ship, noun
Words nearby accountant
accoucheuse, account, accountability, accountable, accountancy, accountant, account book, account current, account day, account executive, account for
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for accountant
Even hiring an accountant to pull together the paperwork to apply for a break on his $1,200 rent from the building’s management costs several hundred dollars that he doesn’t have. The Big Corporate Rescue and the America That’s Too Small to Save | by Lydia DePillis, Justin Elliott and Paul Kiel | September 12, 2020 | ProPublica
One of his more charming performances was as Saajan, an older accountant nearing retirement in The Lunchbox. Everything Our Editors Loved in August | The Editors | September 10, 2020 | Outside Online
The contact number listed on the group’s tax forms belongs to its accountant, Robert Watkins, who did not return a message requesting comment. Federal Prosecutors Have Steve Bannon’s Murky Nonprofit in Their Sights | by Yeganeh Torbati | August 24, 2020 | ProPublica
Ash had always gotten good grades and was on track to become a chartered accountant, a far more stable occupation in a country where esports is an alien concept.

Accountant | Definition of Accountant at Dictionary.com

accountant
accountant
noun
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Origin of accountant
OTHER WORDS FROM accountant
Words nearby accountant
Example sentences from the Web for accountant
British Dictionary definitions for accountant
accountant
noun

26 CFR § 1.263 (a)-1 - Capital expenditures; in general. | CFR | US Law | LII / Legal Information Institute 26 CFR § 1.263 (a)-1 - Capital expenditures; in general.
26 CFR § 1.263 (a)-1 - Capital expenditures; in general.
§ 1.263 (a)-1 Capital expenditures; in general.
Example 1. Sales costs of real property
Example 2. Sales costs of dealers
Example 3. Sales costs of personal property used in a trade or business
Example 4. Costs of abandoned sale of personal property used in a trade or business
Example 5. Sales costs of personal property not used in a trade or business
Example 6. Costs of abandoned sale of personal property not used in a trade or business
Example 1. De minimis safe harbor; taxpayer without AFS.
Example 2. De minimis safe harbor; taxpayer without AFS.
Example 3. De minimis safe harbor; taxpayer with AFS.
Example 4. De minimis safe harbor; taxpayer with AFS.
Example 5. De minimis safe harbor; additional invoice costs.
Example 6. De minimis safe harbor; non-invoice additional costs.
Example 7. De minimis safe harbor; 12-month economic useful life.
Example 8. De minimis safe harbor; limitation.
Example 9. De minimis safe harbor; materials and supplies.
Example 10. De minimis safe harbor; coordination with section 263A.
Example 11. De minimis safe harbor; anti-abuse rule.
 Nothing in this section changes the treatment of any amount that is specifically provided for under any provision of the Internal Revenue Code or the Treasury Regulations other than section 162 (a) or section 212 and the regulations under those sections. For example, see section 263A, which requires taxpayers to capitalize the direct and allocable indirect costs to property produced by the taxpayer and property acquired for resale. See also section 195 requiring taxpayers to capitalize certain costs as start-up expenditures. (c) Definitions. For purposes of this section, the following definitions apply: (1) Amount paid. In the case of a taxpayer using an accrual method of accounting, the terms amount paid and payment mean a liability incurred (within the meaning of § 1.446-1 (c) (1) (ii) ). A liability may not be taken into account under this section prior to the taxable year during which the liability is incurred. (2) Produce means construct, build, install, manufacture, develop, create, raise, or grow. This definition is intended to have the same meaning as the definition used for purposes of section 263A (g) (1) and § 1.263A-2 (a) (1) (i), except that improvements are excluded from the definition in this paragraph (c) (2) and are separately defined and addressed in § 1.263 (a)-3 .

Nothing in this section changes the treatment of any amount that is specifically provided for under any provision of the Internal Revenue Code or the Treasury Regulations other than section 162 (a) or section 212 and the regulations under those sections. For example, see section 263A, which requires taxpayers to capitalize the direct and allocable indirect costs to property produced by the taxpayer and property acquired for resale. See also section 195 requiring taxpayers to capitalize certain costs as start-up expenditures. (c) Definitions. For purposes of this section, the following definitions apply: (1) Amount paid. In the case of a taxpayer using an accrual method of accounting, the terms amount paid and payment mean a liability incurred (within the meaning of § 1.446-1 (c) (1) (ii) ). A liability may not be taken into account under this section prior to the taxable year during which the liability is incurred. (2) Produce means construct, build, install, manufacture, develop, create, raise, or grow. This definition is intended to have the same meaning as the definition used for purposes of section 263A (g) (1) and § 1.263A-2 (a) (1) (i), except that improvements are excluded from the definition in this paragraph (c) (2) and are separately defined and addressed in § 1.263 (a)-3 .

The Business Case for Green Building | U.S. Green Building Council The Business Case for Green Building
Industry
The Business Case for Green Building
Overall Trends
Competitive Differentiator
Attract Tenants
Cost Effective
Increased Productivity and Worker Satisfaction
Better Health Standards for Commercial Building Tenants
Increased Rental Rates
For the Residential Market
Public Relations & Community Benefits
Lower Operating Costs
Immediate & Measurable Results
 This is true domestically as well as internationally, as increased employee health and worker productivity were cited as the two most important social reasons to build green in every international market to participate in a recent McGraw-Hill survey. 22
People in the U.S. spend about 90% of their time indoors 23. EPA studies indicate indoor levels of pollutants may be up to ten times higher than outdoor levels 24. LEED-certified buildings are designed to have healthier, cleaner indoor environmental quality, which means health benefits for occupants. 25
Additional scholarly research into the health affects of ergonomic design have established a definitive link between improved lighting design and a 27% reduction in the incidence of headaches, which accounts for 0.7% of the overall cost of employee health insurance. 26 This equals approximately $70 per employee annually. 27 Extrapolating this relationship out further, it is clear that even minor improvements in the corporate built environment can have major and unexpected cost savings potential that extends far beyond the actual operational costs associated with a corporation's building stock. LEED’s holistic approach to creating a healthy built environment is designed to help companies maximize these savings through substantially improving the quality of life for their labor forces. Significant associations exist between low ventilation levels and higher carbon dioxide concentrations—a common symptom in facilities with sick building syndrome. 28
In terms of health care costs, building retrofits which improved the indoor environment of a building resulted in reductions of:

The Business Case for Green Building | U.S. Green Building Council

The Business Case for Green Building
Industry
The Business Case for Green Building
Overall Trends
Competitive Differentiator
Attract Tenants
Cost Effective
Increased Productivity and Worker Satisfaction
Better Health Standards for Commercial Building Tenants
Increased Rental Rates
For the Residential Market
Public Relations & Community Benefits
Lower Operating Costs
Immediate & Measurable Results

This is true domestically as well as internationally, as increased employee health and worker productivity were cited as the two most important social reasons to build green in every international market to participate in a recent McGraw-Hill survey. 22
People in the U.S. spend about 90% of their time indoors 23. EPA studies indicate indoor levels of pollutants may be up to ten times higher than outdoor levels 24. LEED-certified buildings are designed to have healthier, cleaner indoor environmental quality, which means health benefits for occupants. 25
Additional scholarly research into the health affects of ergonomic design have established a definitive link between improved lighting design and a 27% reduction in the incidence of headaches, which accounts for 0.7% of the overall cost of employee health insurance. 26 This equals approximately $70 per employee annually. 27 Extrapolating this relationship out further, it is clear that even minor improvements in the corporate built environment can have major and unexpected cost savings potential that extends far beyond the actual operational costs associated with a corporation's building stock. LEED’s holistic approach to creating a healthy built environment is designed to help companies maximize these savings through substantially improving the quality of life for their labor forces. Significant associations exist between low ventilation levels and higher carbon dioxide concentrations—a common symptom in facilities with sick building syndrome. 28
In terms of health care costs, building retrofits which improved the indoor environment of a building resulted in reductions of:

  Credit Line Mortgages—And Their Treatment Under New York State Law
Credit

Line

Mortgages—And

Their

Treatment

Under

New

York

State

Law

Background

Revolving

Credit

Lines

Several

Exceptions

"Building

Loan

Contract"

Exclusion

Alternative

Interpretations

Other

Issues

 "Building

Loan

Contract"

Exclusion

mortgage

cannot

qualify

as

a

credit

loan

mortgage

if

made

pursuant

to

a

"building

loan

contract"

as

de-
fined

in

Section

2

of

the

Lien

Law. That

section

includes

a

definition

of

a

building

loan

contract

as

"a

con-
tract

whereby

a

party

thereto,

. . . ,

in

consideration

of

the

express

promise

of

an

owner

to

make

an

im-
provement

upon

real

property,

agrees

to

make

advances

to

or

for

the

account

of

such

owner

to

be

secured
by

a

mortgage

on

such

real

property." Other

sections

of

the

Lien

Law

relating

to

mechanics'

liens

contain
further

requirements

relating

to

the

form

and

content

of

a

building

loan

contract

and

the

consequences

of

a
contract's

qualifying

or

failing

to

qualify

as

a

building

loan

contract. Counsel

to

a

title

insurance

company

recently

asked

the

Department

of

Taxation

and

Finance

for

advice
bearing

on

whether

a

mortgage

loan

and

related

documents

would

constitute

a

building

loan

contract

for
purposes

of

the

credit

line

mortgage

provisions,

and

therefore

not

a

credit

line

mortgage

potentially

eligi-
ble

for

more

favorable

treatment. Specifically,

guidance

was

requested

with

respect

to

revolving

credit
financings

in

which

no

"formal

building

loan

agreement"

(presumably

referring

to

an

agreement

that
meets

all

the

requirements

for

building

loan

contracts

under

the

Lien

Law)

is

executed,

but

the

loan

docu-
ments

recite

that

the

funds

to

be

advanced

or

readvanced

will

be

used

either

(i)

to

reimburse

the

borrower
for

expenses

incurred

in

making

improvements

on

real

property

or

(ii)

to

fund

such

improvements. The

answer

received,

as

set

forth

in

a

recent

advisory

opinion

issued

by

the

Commissioner

of

Taxation
and

Finance

(TSB-A-99(2)R,

April

7,

1999),

is

that

recitations

of

the

type

stated

above

in

loan

documents
would

suffice

to

cause

the

mortgage

loan

to

constitute

a

building

loan

contract

for

this

purpose,

and

there-
fore

to

prevent

the

mortgage

from

being

a

credit

line

mortgage. The

opinion

also

states

that

the

term
"building

loan

contract"

must

be

interpreted

for

purposes

of

the

mortgage

recording

tax

without

regard

to
the

other

provisions

of

the

Lien

Law

relating

to

required

elements

of

such

contracts,

because

the

recording
tax

provision

refers

only

to

the

specific

paragraph

in

the

definitions

section

of

the

Lien

Law

that

defines
this

term.

 Credit Line Mortgages—And Their Treatment Under New York State Law
Credit

Line

Mortgages—And

Their

Treatment

Under

New

York

State

Law

Background

Revolving

Credit

Lines

Several

Exceptions

"Building

Loan

Contract"

Exclusion

Alternative

Interpretations

Other

Issues

Association of Government Accountants (AGA) Definition Association of Government Accountants (AGA)
Association of Government Accountants (AGA)
What Is the Association of Government Accountants (AGA)?
Key Takeaways
How the Association of Government Accountants (AGA) Works
1950
Types of Association of Government Accountants (AGA) Members
 Association of Government Accountants (AGA) Definition
Corporate Finance & Accounting Accounting
Association of Government Accountants (AGA)
By
Daniel Liberto
Updated Dec 19, 2020
What Is the Association of Government Accountants (AGA)? The Association of Government Accountants (AGA) is an organization dedicated to serving the needs of financial professionals employed by the U.S. Government or any governmental agency. The association works to further the interest of its members in various capacities, such as through publications, events, training, awards, and community-building efforts. It also provides professional education and sets professional standards for governmental accounting competence. Key Takeaways
The Association of Government Accountants (AGA) is an organization for financial professionals that work for the U.S. Government or any governmental agency. The association works to further the interest of its 15,000-plus members in various capacities, such as through publications, events, training, awards, and community-building efforts. 1
It also provides professional education and sets professional standards for governmental accounting competence. How the Association of Government Accountants (AGA) Works
The Association of Government Accountants (AGA) offers its members a variety of professional resources, including certifications, conferences, continuing education, access to research and publications and other opportunities to help advance their skills, networking, and career goals. Headquartered in Alexandria, Virginia, the organization and its membership have a commitment to transparency and accountability, which is employed in the development of accounting and auditing standards, and improving the organization and administration of government financial management. 1950
The year the Association of Government Accountants (AGA), then known as the Federal Government Accountants Association, was founded.

Association of Government Accountants (AGA) Definition

Association of Government Accountants (AGA)
Association of Government Accountants (AGA)
What Is the Association of Government Accountants (AGA)?
Key Takeaways
How the Association of Government Accountants (AGA) Works
1950
Types of Association of Government Accountants (AGA) Members

What is Cash Flow? Definition of Cash Flow, Cash Flow Meaning - The Economic Times Definition of 'Cash Flow'
Finance
Definition of 'Cash Flow'
 However, the level of cash flow is not an ideal metric to analyse a company when making an investment decision. A Company’s balance sheet as well as income statements should be studied carefully to come to a conclusion. Cash level might be increasing for a company because it might have sold some of its assets, but that doesn’t mean the liquidity is improving. If the company has sold off some of its assets to pay off debt then this is a negative sign and should be investigated further for more clarification. If the company is not reinvesting cash then this is also a negative sign because in that case it is not using the opportunity to diversify or build business for expansion. PREV DEFINITION
Cash Accounting
Definition: Cash accounting is the methodology under which transactions are recorded when they actually happen. For example, income will be recorded when the company receives cash and expenses are recorded when they are actually paid out and not when the bill is raised. Description: There are two basic type of accounting methodologies – one is cash accounting and the other is accrual accounting.

What is Cash Flow? Definition of Cash Flow, Cash Flow Meaning - The Economic Times

Definition of 'Cash Flow'
Finance
Definition of 'Cash Flow'

However, the level of cash flow is not an ideal metric to analyse a company when making an investment decision. A Company’s balance sheet as well as income statements should be studied carefully to come to a conclusion. Cash level might be increasing for a company because it might have sold some of its assets, but that doesn’t mean the liquidity is improving. If the company has sold off some of its assets to pay off debt then this is a negative sign and should be investigated further for more clarification. If the company is not reinvesting cash then this is also a negative sign because in that case it is not using the opportunity to diversify or build business for expansion. PREV DEFINITION
Cash Accounting
Definition: Cash accounting is the methodology under which transactions are recorded when they actually happen. For example, income will be recorded when the company receives cash and expenses are recorded when they are actually paid out and not when the bill is raised. Description: There are two basic type of accounting methodologies – one is cash accounting and the other is accrual accounting.

Intangible asset - Wikipedia Intangible asset
Intangible asset
Contents
Definition
Research and development
Related definitions
Financial accounting
General standards
Expense allocation
Taxation
See also
References
External links
 Intangible asset - Wikipedia
Intangible asset
From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. ( February 2010) ( Learn how and when to remove this template message)
An intangible asset is an asset that lacks physical substance. Examples are patents, copyright, franchises, goodwill, trademarks, and trade names, as well as software. This is in contrast to physical assets (machinery, buildings, etc.) and financial assets (government securities, etc.). An intangible asset is usually very difficult to evaluate. They suffer from typical market failures of non- rivalry and non- excludability. Contents
1 Definition
2 Research and development
3 Related definitions
4 Financial accounting
4.1 General standards
4.2 Expense allocation
5 Taxation
6 See also
7 References
8 External links
Definition
Intangible assets may be one possible contributor to the disparity between "company value as per their accounting records", as well as "company value as per their market capitalization". Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant.

Intangible asset - Wikipedia

Intangible asset
Intangible asset
Contents
Definition
Research and development
Related definitions
Financial accounting
General standards
Expense allocation
Taxation
See also
References
External links

Intangible asset - Wikipedia
Intangible asset
From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. ( February 2010) ( Learn how and when to remove this template message)
An intangible asset is an asset that lacks physical substance. Examples are patents, copyright, franchises, goodwill, trademarks, and trade names, as well as software. This is in contrast to physical assets (machinery, buildings, etc.) and financial assets (government securities, etc.). An intangible asset is usually very difficult to evaluate. They suffer from typical market failures of non- rivalry and non- excludability. Contents
1 Definition
2 Research and development
3 Related definitions
4 Financial accounting
4.1 General standards
4.2 Expense allocation
5 Taxation
6 See also
7 References
8 External links
Definition
Intangible assets may be one possible contributor to the disparity between "company value as per their accounting records", as well as "company value as per their market capitalization". Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant.

Definition of Property Values | Sapling Definition of Property Values
Definition of Property Values
Definition
Video of the Day
Factors
Appraising the Property
Uses
 Definition of Property Values | Sapling
The Basics
Real Estate
Definition of Property Values
By Calla Hummel
Property values fluctuate with the market. "Property value" refers to the fair market value of a given piece of property, though the actual price of the property may be higher or lower. Property value takes into account the size and location of the property, as well as any improvements on the land. People use property value when buying or selling property and when calculating property taxes. Advertisement
Definition
Property values reflect the probable price of a given property at a given time. The actual sale price of a given piece of property may be higher or lower than the appraised value, depending on what information the buyer and seller have, how badly one or the other wants to buy or sell the property and any extras the seller throws in to entice the buyer. Video of the Day
Factors
Location, size and improvements factor most prominently into property values. The improvements factor can be further broken up into important categories; for example, the type, size and condition of any buildings on a piece of property can dramatically affect the property's value. Advertisement
Appraising the Property
Professional appraisers working for different entities (real estate companies, tax-collecting departments) use the sales history and trends of similar properties in nearby areas to estimate the value of a given property, as well as interviews and tax histories.

Definition of Property Values | Sapling

Definition of Property Values
Definition of Property Values
Definition
Video of the Day
Factors
Appraising the Property
Uses

Definition of Property Values | Sapling
The Basics
Real Estate
Definition of Property Values
By Calla Hummel
Property values fluctuate with the market. "Property value" refers to the fair market value of a given piece of property, though the actual price of the property may be higher or lower. Property value takes into account the size and location of the property, as well as any improvements on the land. People use property value when buying or selling property and when calculating property taxes. Advertisement
Definition
Property values reflect the probable price of a given property at a given time. The actual sale price of a given piece of property may be higher or lower than the appraised value, depending on what information the buyer and seller have, how badly one or the other wants to buy or sell the property and any extras the seller throws in to entice the buyer. Video of the Day
Factors
Location, size and improvements factor most prominently into property values. The improvements factor can be further broken up into important categories; for example, the type, size and condition of any buildings on a piece of property can dramatically affect the property's value. Advertisement
Appraising the Property
Professional appraisers working for different entities (real estate companies, tax-collecting departments) use the sales history and trends of similar properties in nearby areas to estimate the value of a given property, as well as interviews and tax histories.

22 Examples of Management Communication - Simplicable 22 Examples of Management Communication
22 Examples of Management Communication
Meetings
Meeting Minutes
Action Items
Setting Expectations
Managing Expectations
Formal Communication
Touching Base
Management by Walking Around
Open Door Policy
Influencing
Motivation
Storytelling
Messaging Framing
Anticipating Objections
Consensus Building
Choice Architecture
Questioning
Listening
Visual Communication
Feedback & Criticism
Recognition
Coaching
Communication
Communication
Objectivity
Meeting Minutes
Small Talk
Listening
Figurative Language
Influence
Meetings
Intrapersonal vs Interpersonal
Management
Management Levels
Delegated Authority
Management Control
Accountability
Continuous Change
Management Metrics
Management Improvement
New Articles
 7 Examples of Delegated Authority »
Management Control
The definition of management control with examples. 21 Examples of Management Control »
20 Types of Management Controls »
Accountability
The definition of accountability with examples. 8 Examples of Accountability »
Accountability vs Responsibility »
Continuous Change
The definition of continuous change with examples. 7 Examples of Continuous Change »
Management Metrics
A list of common management metrics. 7 Types of Management Metrics »
6 Examples of Management Efficiency »
Management Improvement
A list of common types of management improvement. 19 Examples of Management Improvement »
The most popular articles on Simplicable in the past day. 16 Types of Fuchsia
An overview of fuchsia with a palette. 15 Examples of Humility
The definition of humility with examples and counter examples. 6 Examples of Risk Capacity
An overview of risk capacity with examples. 7 Examples of a Political System
The definition of political system with examples.

22 Examples of Management Communication - Simplicable

22 Examples of Management Communication
22 Examples of Management Communication
Meetings
Meeting Minutes
Action Items
Setting Expectations
Managing Expectations
Formal Communication
Touching Base
Management by Walking Around
Open Door Policy
Influencing
Motivation
Storytelling
Messaging Framing
Anticipating Objections
Consensus Building
Choice Architecture
Questioning
Listening
Visual Communication
Feedback & Criticism
Recognition
Coaching
Communication
Communication
Objectivity
Meeting Minutes
Small Talk
Listening
Figurative Language
Influence
Meetings
Intrapersonal vs Interpersonal
Management
Management Levels
Delegated Authority
Management Control
Accountability
Continuous Change
Management Metrics
Management Improvement
New Articles

7 Examples of Delegated Authority »
Management Control
The definition of management control with examples. 21 Examples of Management Control »
20 Types of Management Controls »
Accountability
The definition of accountability with examples. 8 Examples of Accountability »
Accountability vs Responsibility »
Continuous Change
The definition of continuous change with examples. 7 Examples of Continuous Change »
Management Metrics
A list of common management metrics. 7 Types of Management Metrics »
6 Examples of Management Efficiency »
Management Improvement
A list of common types of management improvement. 19 Examples of Management Improvement »
The most popular articles on Simplicable in the past day. 16 Types of Fuchsia
An overview of fuchsia with a palette. 15 Examples of Humility
The definition of humility with examples and counter examples. 6 Examples of Risk Capacity
An overview of risk capacity with examples. 7 Examples of a Political System
The definition of political system with examples.

Restroom = Occupiable Space??? | The Building Code Forum Restroom = Occupiable Space???
Restroom = Occupiable Space???
Mech
Gregg Harris
klarenbeek
Pcinspector1
Gregg Harris
cda
Gregg Harris
Mech
codeworks
Gregg Harris
Mech
Keystone
ICE
LGreene
Francis Vineyard
globe trekker
Mech
globe trekker
rleibowitz
tmurray
 Restroom = Occupiable Space??? | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Mechanical, Electrical and Plumbing - MEP
Mechanical Codes
Restroom = Occupiable Space??? Thread starter
Mech
Start date
Nov 14, 2012
1
2
Next
1 of 2
Go to page
Go
Next Last
M
Mech
Registered User
Joined
Oct 30, 2009
Messages
914
Location
Eastern PA
Nov 14, 2012
#1
2009 IMC
Per the mechanical code's definition of occupiable space, is a restroom occupiable space? OCCUPIABLE SPACE. An enclosed space intended for human activities, excluding those spaces intended primarily for other purposes, such as storage rooms and equipment rooms, that are only intended to be occupied occasionally and for short periods of time. Thanks!

Restroom = Occupiable Space??? | The Building Code Forum

Restroom = Occupiable Space???
Restroom = Occupiable Space???
Mech
Gregg Harris
klarenbeek
Pcinspector1
Gregg Harris
cda
Gregg Harris
Mech
codeworks
Gregg Harris
Mech
Keystone
ICE
LGreene
Francis Vineyard
globe trekker
Mech
globe trekker
rleibowitz
tmurray

Restroom = Occupiable Space??? | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Mechanical, Electrical and Plumbing - MEP
Mechanical Codes
Restroom = Occupiable Space??? Thread starter
Mech
Start date
Nov 14, 2012
1
2
Next
1 of 2
Go to page
Go
Next Last
M
Mech
Registered User
Joined
Oct 30, 2009
Messages
914
Location
Eastern PA
Nov 14, 2012
#1
2009 IMC
Per the mechanical code's definition of occupiable space, is a restroom occupiable space? OCCUPIABLE SPACE. An enclosed space intended for human activities, excluding those spaces intended primarily for other purposes, such as storage rooms and equipment rooms, that are only intended to be occupied occasionally and for short periods of time. Thanks!

The Business Case for Green Building | U.S. Green Building Council The Business Case for Green Building
Industry
The Business Case for Green Building
Overall Trends
Competitive Differentiator
Attract Tenants
Cost Effective
Increased Productivity and Worker Satisfaction
Better Health Standards for Commercial Building Tenants
Increased Rental Rates
For the Residential Market
Public Relations & Community Benefits
Lower Operating Costs
Immediate & Measurable Results
 20
LEED-certified buildings are also demonstrating increased recruitment and retention rates and increased productivity benefits for employers. 2.5 million employees are currently experiencing better indoor environmental quality in LEED buildings. This group of employees is expected to exceed 21 million by 2030, resulting in an economic value of $90 billion from increased productivity. 21
Better Health Standards for Commercial Building Tenants
Other industry research has noted that improved health and productivity benefits are playing a larger role in driving companies to invest in green building today than they have in the past. 55% of firms rate greater health and well-being as their top social reasons for building green (tied with encouraging sustainable business practices), up from only 29% in 2008. This is true domestically as well as internationally, as increased employee health and worker productivity were cited as the two most important social reasons to build green in every international market to participate in a recent McGraw-Hill survey. 22
People in the U.S. spend about 90% of their time indoors 23. EPA studies indicate indoor levels of pollutants may be up to ten times higher than outdoor levels 24. LEED-certified buildings are designed to have healthier, cleaner indoor environmental quality, which means health benefits for occupants. 25
Additional scholarly research into the health affects of ergonomic design have established a definitive link between improved lighting design and a 27% reduction in the incidence of headaches, which accounts for 0.7% of the overall cost of employee health insurance.

20
LEED-certified buildings are also demonstrating increased recruitment and retention rates and increased productivity benefits for employers. 2.5 million employees are currently experiencing better indoor environmental quality in LEED buildings. This group of employees is expected to exceed 21 million by 2030, resulting in an economic value of $90 billion from increased productivity. 21
Better Health Standards for Commercial Building Tenants
Other industry research has noted that improved health and productivity benefits are playing a larger role in driving companies to invest in green building today than they have in the past. 55% of firms rate greater health and well-being as their top social reasons for building green (tied with encouraging sustainable business practices), up from only 29% in 2008. This is true domestically as well as internationally, as increased employee health and worker productivity were cited as the two most important social reasons to build green in every international market to participate in a recent McGraw-Hill survey. 22
People in the U.S. spend about 90% of their time indoors 23. EPA studies indicate indoor levels of pollutants may be up to ten times higher than outdoor levels 24. LEED-certified buildings are designed to have healthier, cleaner indoor environmental quality, which means health benefits for occupants. 25
Additional scholarly research into the health affects of ergonomic design have established a definitive link between improved lighting design and a 27% reduction in the incidence of headaches, which accounts for 0.7% of the overall cost of employee health insurance.

Chapter 2 Building Health Skills and Character Flashcards
Shared Flashcard Set
Details
Additional Health Care Flashcards
Cards
Return to Set Details
 Chapter 2 Building Health Skills and Character Flashcards
Home
>>
Flashcards
>>
Health Care
>>
Chapter 2 Building Health Skills and Character
Shared Flashcard Set
Details
Title
Chapter 2 Building Health Skills and Character
Description
vocabulary from Chapter 2
Total Cards
25
Subject
Health Care
Level
10th Grade
Created
05/27/2014

Click here to study/print these flashcards . Create your own flash cards! Sign up here . Additional Health Care Flashcards
Cards
Return to Set Details
Term
Health skills
Definition
specific tools and staraegies that help you maintain, protect, and improve all aspects of your health

Term
Interpersonal communication
Definition
the exchange of thoughts, feelings, and beliefs between two or more people

Term
Refusal skills
Definition
common strategies that can help you say no when you are urged to take part in behaviors that are unsafe or unhealthful, or that go against your values

Term
conflict resolution
Definition
process of ending a conflict through cooperation and problem solving

Term
stress management
Definition
ways to deal with and overcome the negative effects of stress

Term
advocacy
Definition
taking action to influence others to address a health-related belief

Term
body language
Definition
nonverbal communication through gestures, facial expressions,behaviors, and postures

Term
"I" messages
Definition
A statement in which a person describes how he or she feels by using the pronown "I"

Term
listening
Definition
make a conscious effort to hear and understand what people are saying. . Term
decision-making skills
Definition
steps that enable you to make a healthful decision

Term
Goal
Definition
something you aim for that takes planning and work

Term
long-term goal
Definition
goal that you plan to reach over an extended period of time

Term
short-term goal
Definition
goal that you can reach in a short amount of time

Term
values
Definition
ideas, beliefs, and attitudes about what is important that help guide the way you live

Term
morals
Definition
rules of right conduct or the distinction between right and wrong

Term
action plan
Definition
a multistep strategy to identify and achieve your goals

Term
responsibility
Definition
do what is expected of you and are accountable for your choices

Term
caring
Definition
kind and compassionate

Term
citizenship
Definition
cooperating and doing your share to improve your school and community. You obey laws

Term
character
Definition
those distinctive qualities that describe how a person thnks, feels, and behaves

Term
role model
Definition
someone whose success or behavior serves as an example for others

Term
trustworthiness
Definition
honest, reliable,loyal, don't cheat, steal, or deceive

Term
respect
Definition
good manners, considerate of others, tolerant of differences

Term
resilency
Definition
The ability to adapt effectively and recover from disappointment, difficulty, or crisis

Term
perception
Definition
The act of becoming aware with the senses

Chapter 2 Building Health Skills and Character Flashcards

Shared Flashcard Set
Details
Additional Health Care Flashcards
Cards
Return to Set Details

Code Definition of Combustible | The Building Code Forum Code Definition of Combustible
Code Definition of Combustible
retire09
mark handler
gbhammer
cda
mark handler
Dr. J
mtlogcabin
Coug Dad
steveray
FM William Burns
gbhammer
 Code Definition of Combustible | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Commercial Codes
Commercial Fire Codes
Code Definition of Combustible
Thread starter
retire09
Start date
Dec 12, 2011
R
retire09
Silver Member
Joined
Feb 19, 2010
Messages
365
Location
Alaska
Dec 12, 2011
#1
What is the code definition of combustible? Is there a temperature rating or anything specific that can be used for the determination? mark handler
Sawhorse
Joined
Oct 25, 2009
Messages
11,031
Location
So. CA
Dec 12, 2011
#2
Not Code, but: Capable of igniting and burning. gbhammer
Platinum Member
Joined
Aug 1, 2011
Messages
1,279
Location
Mid West
Dec 12, 2011
#3
In the National Fire Protection Association's NFPA 101 Code for Safety to Life from Fire in Buildings and Structures, a noncombustible material is defined as a material that, "in the form in which it is used and under the conditions anticipated, will not aid combustion or add appreciable heat to an ambient fire."

Code Definition of Combustible | The Building Code Forum

Code Definition of Combustible
Code Definition of Combustible
retire09
mark handler
gbhammer
cda
mark handler
Dr. J
mtlogcabin
Coug Dad
steveray
FM William Burns
gbhammer

Code Definition of Combustible | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Commercial Codes
Commercial Fire Codes
Code Definition of Combustible
Thread starter
retire09
Start date
Dec 12, 2011
R
retire09
Silver Member
Joined
Feb 19, 2010
Messages
365
Location
Alaska
Dec 12, 2011
#1
What is the code definition of combustible? Is there a temperature rating or anything specific that can be used for the determination? mark handler
Sawhorse
Joined
Oct 25, 2009
Messages
11,031
Location
So. CA
Dec 12, 2011
#2
Not Code, but: Capable of igniting and burning. gbhammer
Platinum Member
Joined
Aug 1, 2011
Messages
1,279
Location
Mid West
Dec 12, 2011
#3
In the National Fire Protection Association's NFPA 101 Code for Safety to Life from Fire in Buildings and Structures, a noncombustible material is defined as a material that, "in the form in which it is used and under the conditions anticipated, will not aid combustion or add appreciable heat to an ambient fire."

General fitness training - Wikipedia General fitness training
General fitness training
Contents
General Fitness
Diet
Fitness and Mental Stability
Weight loss and Muscle Definition
More Specialized Fitness Training
Sports-Specific Training
Injury recovery
Prenatal and Postpartum Training
See also
References
 An aerobic exercise program can burn fat and increase the basal metabolic rate (BMR) in obese adults, studies show that through proper diet over the span of 6 months in obese adults has shown a positive correlation in fitness and mood, as well as a weight loss average of over 27.5% Studies also show reduced level of hunger and several other symptoms, such as inability to get up in the morning and frequent anxiety. Fitness and Mental Stability
Physical fitness and mental stability go hand in hand, as research suggests that although physical and aerobic activity betters ones physical capabilities, it also helps with ones positive body image and self esteem. Studies show that physical fitness helps improve positive body image and self esteem, perceivable increased stress management, reduction of depression and anxiety, as well as enhance mood states and improve overall cognitive function. This all further shows the importance behind the usage of physical fitness for mental stability and why it is so important to engage in the practice of it. Weight loss and Muscle Definition
General fitness training may be used to promote weight loss. Personal trainers construct a program centered on restructuring lifestyle while helping to provide the necessary motivation for its success. General fitness training can also be used to promote toning or building of muscles, which are essentially the same physiological process. ( However, 'toning' implies moderate muscle definition, whereas 'building' implies increasing musculature significantly.) The definition of weight loss is losing as much as or more than 3% body weight, although there is no completely defined definition as to what weight loss is, as one must take into account expert opinion, body type, previous study precedents, and normal weight fluctuations. More Specialized Fitness Training
Sports-Specific Training
Sports-specific trainers can help improve strength, flexibility and stamina to improve performance in specific sports.

General fitness training - Wikipedia

General fitness training
General fitness training
Contents
General Fitness
Diet
Fitness and Mental Stability
Weight loss and Muscle Definition
More Specialized Fitness Training
Sports-Specific Training
Injury recovery
Prenatal and Postpartum Training
See also
References

Leadership accountability: do you have it? Leadership accountability: do you have it?
Leadership accountability: do you have it?
What is accountability?
What happens if you lack accountability?
Check yourself: are you holding yourself accountable?
5 tips to hold yourself accountable
A final word on fear
Conclusion
About the Author
Looking for more leadership insights?
 Taking accountability builds trust and respect, and models a behavior of accountability in your employees and team. This article will delve into the importance of leadership accountability, help you figure out if you’re holding yourself accountable, and give tips on how to improve personal accountability and the culture of accountability at your organization. We’d better get started. What is accountability? This definition of accountability from Business Dictionary hits the nail on the head: “The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.” Thus, if a leader takes accountability for something (for example, a big project), it means they’re taking full ownership of it. They’re holding themselves accountable for its success or failure. If that project misses its deadline because a person on their team didn’t do their share of the work, the leader is still ultimately accountable. As the project manager, it was their responsibility to ensure their teammate had everything they needed to get the job done.

Leadership accountability: do you have it?

Leadership accountability: do you have it?
Leadership accountability: do you have it?
What is accountability?
What happens if you lack accountability?
Check yourself: are you holding yourself accountable?
5 tips to hold yourself accountable
A final word on fear
Conclusion
About the Author
Looking for more leadership insights?

Taking accountability builds trust and respect, and models a behavior of accountability in your employees and team. This article will delve into the importance of leadership accountability, help you figure out if you’re holding yourself accountable, and give tips on how to improve personal accountability and the culture of accountability at your organization. We’d better get started. What is accountability? This definition of accountability from Business Dictionary hits the nail on the head: “The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.” Thus, if a leader takes accountability for something (for example, a big project), it means they’re taking full ownership of it. They’re holding themselves accountable for its success or failure. If that project misses its deadline because a person on their team didn’t do their share of the work, the leader is still ultimately accountable. As the project manager, it was their responsibility to ensure their teammate had everything they needed to get the job done.

Accountable care organization - Wikipedia Accountable care organization
Accountable care organization
From Wikipedia, the free encyclopedia
Contents
History
Organization
Pioneer program and Medicare Shared Savings Program
Cost savings
Patient Protection and Affordable Care Act
Payment models
VBP levels
Quality measures
Stakeholders
Providers
Payers
Patients
Pilots and learning networks
Problems
See also
References
External links
 The organization is accountable to patients and third-party payers for the quality, appropriateness and efficiency of the health care provided. According to the Centers for Medicare and Medicaid Services, an ACO is "an organization of health care practitioners that agrees to be accountable for the quality, cost, and overall care of Medicare beneficiaries who are enrolled in the traditional fee-for-service program who are assigned to it". Contents
1 History
2 Organization
2.1 Pioneer program and Medicare Shared Savings Program
3 Cost savings
4 Patient Protection and Affordable Care Act
4.1 Payment models
4.1.1 VBP levels
4.2 Quality measures
5 Stakeholders
5.1 Providers
5.2 Payers
5.3 Patients
6 Pilots and learning networks
7 Problems
8 See also
9 References
10 External links
History
The term accountable care organization was first used by Elliott Fisher in 2006 during a discussion of the Medicare Payment Advisory Commission. In 2009, the term was included in the federal Patient Protection and Affordable Care Act. It resembles the definition of Health Maintenance Organizations (HMO) that emerged in the 1970s. Like an HMO, an ACO is "an entity that will be 'held accountable' for providing comprehensive health services to a population." The model builds on the Medicare Physician Group Practice Demonstration and the Medicare Health Care Quality Demonstration, established by the 2003 Medicare Prescription Drug, Improvement, and Modernization Act . Organization
Mark McClellan, Elliott Fisher and others defined three core accountable care organization principles: Provider-led organizations with a strong base of primary care that are collectively accountable for quality and per capita costs across the continuum of care
Payments linked to quality improvements and reduced costs
Reliable and increasingly sophisticated performance measurement, to support improvement and provide confidence that savings are achieved through care improvements. Pioneer program and Medicare Shared Savings Program
Medicare approved 32 pioneer accountable care organizations in December 2011;

Accountable care organization - Wikipedia

Accountable care organization
Accountable care organization
From Wikipedia, the free encyclopedia
Contents
History
Organization
Pioneer program and Medicare Shared Savings Program
Cost savings
Patient Protection and Affordable Care Act
Payment models
VBP levels
Quality measures
Stakeholders
Providers
Payers
Patients
Pilots and learning networks
Problems
See also
References
External links

General fitness training - Wikipedia General fitness training
General fitness training
Contents
General Fitness
Diet
Fitness and Mental Stability
Weight loss and Muscle Definition
More Specialized Fitness Training
Sports-Specific Training
Injury recovery
Prenatal and Postpartum Training
See also
References
 Personal trainers construct a program centered on restructuring lifestyle while helping to provide the necessary motivation for its success. General fitness training can also be used to promote toning or building of muscles, which are essentially the same physiological process. ( However, 'toning' implies moderate muscle definition, whereas 'building' implies increasing musculature significantly.) The definition of weight loss is losing as much as or more than 3% body weight, although there is no completely defined definition as to what weight loss is, as one must take into account expert opinion, body type, previous study precedents, and normal weight fluctuations. More Specialized Fitness Training
Sports-Specific Training
Sports-specific trainers can help improve strength, flexibility and stamina to improve performance in specific sports. Options include increasing arm strength for tennis playing or improve strength and core stability providing better balance playing golf . Sports specific training is all about developing physical conditions to improve performance and skills at a particular sport. Also, understanding the needs of the game, training/practicing at the correct pace, in order to meet sports requirements. Injury recovery
Certified personal trainers can contribute significantly and uniquely to recovery and rehabilitation efforts. But personal trainers mainly pick up where physical therapy leaves off.

General fitness training - Wikipedia

Personal trainers construct a program centered on restructuring lifestyle while helping to provide the necessary motivation for its success. General fitness training can also be used to promote toning or building of muscles, which are essentially the same physiological process. ( However, 'toning' implies moderate muscle definition, whereas 'building' implies increasing musculature significantly.) The definition of weight loss is losing as much as or more than 3% body weight, although there is no completely defined definition as to what weight loss is, as one must take into account expert opinion, body type, previous study precedents, and normal weight fluctuations. More Specialized Fitness Training
Sports-Specific Training
Sports-specific trainers can help improve strength, flexibility and stamina to improve performance in specific sports. Options include increasing arm strength for tennis playing or improve strength and core stability providing better balance playing golf . Sports specific training is all about developing physical conditions to improve performance and skills at a particular sport. Also, understanding the needs of the game, training/practicing at the correct pace, in order to meet sports requirements. Injury recovery
Certified personal trainers can contribute significantly and uniquely to recovery and rehabilitation efforts. But personal trainers mainly pick up where physical therapy leaves off.

Corridor versus Exit Passageway | The Building Code Forum Corridor versus Exit Passageway
Corridor versus Exit Passageway
Phil
Builder Bob
cda
steveray
Phil
cda
 Corridor versus Exit Passageway | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Commercial Codes
Commercial Building Codes
Corridor versus Exit Passageway
Thread starter
Phil
Start date
May 1, 2014
P
Phil
Registered User
Joined
Feb 6, 2010
Messages
186
Location
California
May 1, 2014
#1
I was curious what the difference is between a corridor and an exit passageway. The 2012 IBC definitions say a corridor is an exit access while an exit passageway is an exit. But the definitions don't define the difference is between an exit and an exit access. Where does the exit access end and exit begin? I am an engineer and always let the architect worry about means of egress. but, I would like to have a better understanding
The reason I ask is because the live loads for corridors other than the first floor changed in 2012.

Corridor versus Exit Passageway | The Building Code Forum

Corridor versus Exit Passageway
Corridor versus Exit Passageway
Phil
Builder Bob
cda
steveray
Phil
cda

Corridor versus Exit Passageway | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Commercial Codes
Commercial Building Codes
Corridor versus Exit Passageway
Thread starter
Phil
Start date
May 1, 2014
P
Phil
Registered User
Joined
Feb 6, 2010
Messages
186
Location
California
May 1, 2014
#1
I was curious what the difference is between a corridor and an exit passageway. The 2012 IBC definitions say a corridor is an exit access while an exit passageway is an exit. But the definitions don't define the difference is between an exit and an exit access. Where does the exit access end and exit begin? I am an engineer and always let the architect worry about means of egress. but, I would like to have a better understanding
The reason I ask is because the live loads for corridors other than the first floor changed in 2012.

Agile Scrum Roles | Atlassian Scrum roles and the truth about job titles in scrum
Scrum roles and the truth about job titles in scrum
What are the three scrum roles?
Scrum roles vs job titles
Building a scrum team
The development team: Redefining “developer”
Scrum myth: Scrum developer means that only coders can be part of a scrum team
The product owner: Setting clear direction
The scrum master: Holding it all together
The scrum master focuses on:
Get started with agile scrum roles
Learn scrum with Jira Software
Kanban - A brief introduction
 Many teams ask if they need to change their titles when adopting scrum. The short answer is no. In this article we’ll define scrum roles and how you can fold them into your organization, without printing new business cards. Scrum roles vs job titles
The three scrum roles describe the key responsibilities for those on the scrum team. They aren’t job titles. This means that any job title, even your existing ones, can perform one of the roles. Because the essence of Scrum is empiricism, self-organization, and continuous improvement, the three roles give a minimum definition of responsibilities and accountability to allow teams to effectively deliver work. This allows teams to take responsibility for how they organize and to keep improving themselves. Building a scrum team
Scrum is a framework for teams to build their processes on top of. It provides the basic structure for regular meetings, artifacts, and who does what.

Agile Scrum Roles | Atlassian

Scrum roles and the truth about job titles in scrum
Scrum roles and the truth about job titles in scrum
What are the three scrum roles?
Scrum roles vs job titles
Building a scrum team
The development team: Redefining “developer”
Scrum myth: Scrum developer means that only coders can be part of a scrum team
The product owner: Setting clear direction
The scrum master: Holding it all together
The scrum master focuses on:
Get started with agile scrum roles
Learn scrum with Jira Software
Kanban - A brief introduction

Many teams ask if they need to change their titles when adopting scrum. The short answer is no. In this article we’ll define scrum roles and how you can fold them into your organization, without printing new business cards. Scrum roles vs job titles
The three scrum roles describe the key responsibilities for those on the scrum team. They aren’t job titles. This means that any job title, even your existing ones, can perform one of the roles. Because the essence of Scrum is empiricism, self-organization, and continuous improvement, the three roles give a minimum definition of responsibilities and accountability to allow teams to effectively deliver work. This allows teams to take responsibility for how they organize and to keep improving themselves. Building a scrum team
Scrum is a framework for teams to build their processes on top of. It provides the basic structure for regular meetings, artifacts, and who does what.

Fire extinguisher travel distance | The Building Code Forum Fire extinguisher travel distance
Fire extinguisher travel distance
Mech
mark handler
FM William Burns
TimNY
Mech
TimNY
NFPA 10 has auto showrooms listed as ordinary (moderate) hazard.
FM William Burns
Uncle Bob
FyrBldgGuy
TimNY
hlfireinspector
Mech
FM William Burns
mtlogcabin
FBG brings up some good points....hence my seeing many proposals back in the day to eliminate portables in sprinkled facilities
fireguy
FM William Burns
FyrBldgGuy
TimNY
Jobsaver
FM William Burns
 Fire extinguisher travel distance | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Commercial Codes
Commercial Building Codes
Fire extinguisher travel distance
Thread starter
Mech
Start date
Dec 28, 2010
1
2
Next
1 of 2
Go to page
Go
Next Last
M
Mech
Registered User
Joined
Oct 30, 2009
Messages
914
Location
Eastern PA
Dec 28, 2010
#1
2009 IBC
Section 906.3
This may sound stupid, but is there a definition for Maximum Travel Distance to Extinguisher? Is it the distance from a fire to the extinguisher? Is it the distance from where someone is standing / sitting to the extinguisher. Scenario: Automotive showroom and adjacent sales offices with glass walls. From a sales office, the travel distance to the extinguisher is 60 ft, which is acceptable for Class A fires (papers burning at the desk) but it exceeds the 50 ft maximum allowable for Class B fires (car burning immediately outside the glass wall and visible from inside the glass office.)

Fire extinguisher travel distance | The Building Code Forum

Fire extinguisher travel distance
Fire extinguisher travel distance
Mech
mark handler
FM William Burns
TimNY
Mech
TimNY
NFPA 10 has auto showrooms listed as ordinary (moderate) hazard.
FM William Burns
Uncle Bob
FyrBldgGuy
TimNY
hlfireinspector
Mech
FM William Burns
mtlogcabin
FBG brings up some good points....hence my seeing many proposals back in the day to eliminate portables in sprinkled facilities
fireguy
FM William Burns
FyrBldgGuy
TimNY
Jobsaver
FM William Burns

Fire extinguisher travel distance | The Building Code Forum
Welcome to the new and improved Building Code Forum. We appreciate you being here and hope that you are getting the information that you need concerning all codes of the building trades. This is a free forum to the public due to the generosity of the Sawhorses, Corporate Supporters and Supporters who have upgraded their accounts. If you would like to have improved access to the forum please upgrade to Sawhorse by first logging in then clicking here: Upgrades
Forums
Commercial Codes
Commercial Building Codes
Fire extinguisher travel distance
Thread starter
Mech
Start date
Dec 28, 2010
1
2
Next
1 of 2
Go to page
Go
Next Last
M
Mech
Registered User
Joined
Oct 30, 2009
Messages
914
Location
Eastern PA
Dec 28, 2010
#1
2009 IBC
Section 906.3
This may sound stupid, but is there a definition for Maximum Travel Distance to Extinguisher? Is it the distance from a fire to the extinguisher? Is it the distance from where someone is standing / sitting to the extinguisher. Scenario: Automotive showroom and adjacent sales offices with glass walls. From a sales office, the travel distance to the extinguisher is 60 ft, which is acceptable for Class A fires (papers burning at the desk) but it exceeds the 50 ft maximum allowable for Class B fires (car burning immediately outside the glass wall and visible from inside the glass office.)

What is the Homestead Act of 1862? - Definition & Summary - Video & Lesson Transcript | Study.com What is the Homestead Act of 1862? - Definition & Summary
What is the Homestead Act of 1862? - Definition & Summary
Lesson Transcript
Definition
Historical Background
Federal Land Policy - 19th Century
Challenges for Homesteaders
Register to view this lesson
Are you a student or a teacher?
What is the Homestead Act of 1862? - Definition & Summary
Start today. Try it now
What is the Homestead Act of 1862? - Definition & Summary
Related Study Materials
 What is the Homestead Act of 1862? - Definition & Summary - Video & Lesson Transcript | Study.com
What is the Homestead Act of 1862? - Definition & Summary
Lesson Transcript
Instructor: Ronald Kotlik
Show bio
Ron has taught history and educational technologies at the high school and college level and has a doctorate in American History. Define the Homestead Act of 1862, learn about its historical origins, and understand the challenges individuals faced as they established property claims on the Great Plains during the 19th century. Create an account
Definition
The Homestead Act was a law passed by Congress in 1862 that granted 160 acres of federal land to any U.S. citizen. An individual was given ownership of the land for free if that person lived on the land for five years and improved the land by building a home and producing a crop. This legislation was intended to give Americans incentive to settle on the Western Frontier and aid the continuing territorial expansion of the United States during the 19th century (1800s). {"error":true,"iframe":true}
You must c C reate an account to continue watching
Register to view this lesson
Are you a student or a teacher? I am a student
I am a teacher
Create Your Account To Continue Watching
As a member, you'll also get unlimited access to over 84,000       lessons in math, English, science, history, and more.

What is the Homestead Act of 1862? - Definition & Summary - Video & Lesson Transcript | Study.com

What is the Homestead Act of 1862? - Definition & Summary
What is the Homestead Act of 1862? - Definition & Summary
Lesson Transcript
Definition
Historical Background
Federal Land Policy - 19th Century
Challenges for Homesteaders
Register to view this lesson
Are you a student or a teacher?
What is the Homestead Act of 1862? - Definition & Summary
Start today. Try it now
What is the Homestead Act of 1862? - Definition & Summary
Related Study Materials

What is the Homestead Act of 1862? - Definition & Summary - Video & Lesson Transcript | Study.com
What is the Homestead Act of 1862? - Definition & Summary
Lesson Transcript
Instructor: Ronald Kotlik
Show bio
Ron has taught history and educational technologies at the high school and college level and has a doctorate in American History. Define the Homestead Act of 1862, learn about its historical origins, and understand the challenges individuals faced as they established property claims on the Great Plains during the 19th century. Create an account
Definition
The Homestead Act was a law passed by Congress in 1862 that granted 160 acres of federal land to any U.S. citizen. An individual was given ownership of the land for free if that person lived on the land for five years and improved the land by building a home and producing a crop. This legislation was intended to give Americans incentive to settle on the Western Frontier and aid the continuing territorial expansion of the United States during the 19th century (1800s). {"error":true,"iframe":true}
You must c C reate an account to continue watching
Register to view this lesson
Are you a student or a teacher? I am a student
I am a teacher
Create Your Account To Continue Watching
As a member, you'll also get unlimited access to over 84,000       lessons in math, English, science, history, and more.

Customize | Definition of Customize at Dictionary.com customize
customize
verb (used with object), cus·tom·ized, cus·tom·iz·ing.
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Origin of customize
OTHER WORDS FROM customize
Example sentences from the Web for customize
British Dictionary definitions for customize
customize
customise
verb
Derived forms of customize
Others Are Reading
 Customize | Definition of Customize at Dictionary.com
Top Definitions
Quizzes
Related Content
Examples
British
customize
[ kuhs-t uh-mahyz ]
/ ˈkʌs təˌmaɪz /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: customize / customized / customizes / customizing on Thesaurus.com
verb (used with object), cus·tom·ized, cus·tom·iz·ing. to modify or build according to individual or personal specifications or preference: to customize an automobile. QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"! Set your sights on wordy gold with this quiz on the commonly mixed up words "site," "cite," and sight"! Question 1 of 7
“Site” and “cite” derive from the same Latin root, “situs.” true
false
TAKE THE QUIZ TO FIND OUT
Meet Grammar Coach
Improve Your Writing
Meet Grammar Coach
Improve Your Writing
Also especially British, cus·tom·ise . Origin of customize
An Americanism dating back to 1930–35; custom + -ize
OTHER WORDS FROM customize
cus·tom·iz·a·ble, adjective cus·tom·i·za·tion, noun cus·tom·iz·er, noun non·cus·tom·ized, adjective
sem·i·cus·tom·ized, adjective
SEE MORE RELATED FORMS
SEE FEWER RELATED FORMS

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for customize
Building on that, a new Insights page in the Google Ads UI will bring in data from Rising Retail Categories as well as Google Trends data that is customize d to the account.

Customize | Definition of Customize at Dictionary.com

customize
customize
verb (used with object), cus·tom·ized, cus·tom·iz·ing.
QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"!
Question 1 of 7
Meet Grammar Coach
Origin of customize
OTHER WORDS FROM customize
Example sentences from the Web for customize
British Dictionary definitions for customize
customize
customise
verb
Derived forms of customize
Others Are Reading

Customize | Definition of Customize at Dictionary.com
Top Definitions
Quizzes
Related Content
Examples
British
customize
[ kuhs-t uh-mahyz ]
/ ˈkʌs təˌmaɪz /
PHONETIC RESPELLING
New Word List
Word List
See synonyms for: customize / customized / customizes / customizing on Thesaurus.com
verb (used with object), cus·tom·ized, cus·tom·iz·ing. to modify or build according to individual or personal specifications or preference: to customize an automobile. QUIZZES
QUIZ YOURSELF ON "SITE," "CITE," AND "SIGHT"! Set your sights on wordy gold with this quiz on the commonly mixed up words "site," "cite," and sight"! Question 1 of 7
“Site” and “cite” derive from the same Latin root, “situs.” true
false
TAKE THE QUIZ TO FIND OUT
Meet Grammar Coach
Improve Your Writing
Meet Grammar Coach
Improve Your Writing
Also especially British, cus·tom·ise . Origin of customize
An Americanism dating back to 1930–35; custom + -ize
OTHER WORDS FROM customize
cus·tom·iz·a·ble, adjective cus·tom·i·za·tion, noun cus·tom·iz·er, noun non·cus·tom·ized, adjective
sem·i·cus·tom·ized, adjective
SEE MORE RELATED FORMS
SEE FEWER RELATED FORMS

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for customize
Building on that, a new Insights page in the Google Ads UI will bring in data from Rising Retail Categories as well as Google Trends data that is customize d to the account.

What a Customer Experience Consultant Can Do for You - Customer Bliss What a Customer Experience Consultant Can Do for You
What a Customer Experience Consultant Can Do for You
Inhibitor 1: Starting with a mantra, not an action plan.
Inhibitor 2: Not defining the customer experience and gaining alignment on the path of actions.
Inhibitor 3: Not breaking the work into actionable and repeatable competencies
Inhibitor 4: Attaching early metrics to surveys rather than operational metrics people can impact
Inhibitor 5: Not having executives engaged in the effort.
 Not defining the customer experience and gaining alignment on the path of actions. Many parts of an organization often independently map “their” portion of the customer journey – which means your company is not collectively focusing and prioritizing actions to fix and improve experiences. The organization needs to agree on the stages of the experience and the definitions of success. Defining the experience consistently and gaining alignment has major downstream implications if it is not done correctly and if the time is not done to get alignment. A good customer experience consultant will work with you and a cross-functional team to: Build a company-wide agreement of the framework for your customer experience journey
Map a draft of touchpoints that comprise the customer experience journey
Enlist correct resources to correlate experiences with varied methods of research on what is most important to customers and what they value
Inhibitor 3: Not breaking the work into actionable and repeatable competencies
Frequently companies take on too much work when they get on the customer experience band wagon. As a result, the infrastructure for creating an “evergreen” process for identifying issues and opportunities, aligning cross functional teams for improvement and encouraging accountability aren’t embedded into the DNA of how the company runs. A good customer experience consultant will help: Assist you in focusing the organization on committing to a few priorities to ensure success
Provide leaders with a new language set for talking about and driving accountability based on your customer experience journey
Build a repeatable process
Inhibitor 4:

What a Customer Experience Consultant Can Do for You - Customer Bliss

What a Customer Experience Consultant Can Do for You
What a Customer Experience Consultant Can Do for You
Inhibitor 1: Starting with a mantra, not an action plan.
Inhibitor 2: Not defining the customer experience and gaining alignment on the path of actions.
Inhibitor 3: Not breaking the work into actionable and repeatable competencies
Inhibitor 4: Attaching early metrics to surveys rather than operational metrics people can impact
Inhibitor 5: Not having executives engaged in the effort.

Not defining the customer experience and gaining alignment on the path of actions. Many parts of an organization often independently map “their” portion of the customer journey – which means your company is not collectively focusing and prioritizing actions to fix and improve experiences. The organization needs to agree on the stages of the experience and the definitions of success. Defining the experience consistently and gaining alignment has major downstream implications if it is not done correctly and if the time is not done to get alignment. A good customer experience consultant will work with you and a cross-functional team to: Build a company-wide agreement of the framework for your customer experience journey
Map a draft of touchpoints that comprise the customer experience journey
Enlist correct resources to correlate experiences with varied methods of research on what is most important to customers and what they value
Inhibitor 3: Not breaking the work into actionable and repeatable competencies
Frequently companies take on too much work when they get on the customer experience band wagon. As a result, the infrastructure for creating an “evergreen” process for identifying issues and opportunities, aligning cross functional teams for improvement and encouraging accountability aren’t embedded into the DNA of how the company runs. A good customer experience consultant will help: Assist you in focusing the organization on committing to a few priorities to ensure success
Provide leaders with a new language set for talking about and driving accountability based on your customer experience journey
Build a repeatable process
Inhibitor 4:

Should school principals be held accountable for the quality of education? An Ethiopian perspective. | World Education Blog
Should school principals be held accountable for the quality of education? An Ethiopian perspective.
A/ Response from the Ministry of Education
B/ Response of school principal
C/ A student from Minilik secondary school, Addis Ababa, Ethiopia
 Their activities also include improved in-service and pre-service training of teachers, school improvement planning and school grants and capacity building for planning and management, and strengthened education management and information systems. The responsibilities of school principals, meanwhile, include the following: Monitoring the effectiveness of schools’ teaching and learning processes
Preparing and implementing the annual and strategic plan
Allocating enough budget to equip the school with the required facilities to create a healthy learning environment
Working together with the school community
From what we discussed up to now, there is no doubt that school principals are the primary parties accountable for the quality of education at the school level. But different stakeholders also have their own share in the responsibility. For instance, parent-teacher associations (PTSA) and the whole community around the school, supervisors and local education officers up to the ministry of education at the national level are also accountable for failures in the quality of education at the school level. Therefore, school principals are accountable but not solely accountable for the quality of education. B/ Response of school principal
By Shemlash Zewdie Bekele (Principal) From Kokebetsibah Secondary and preparatory school Addis Ababa, Ethiopia
The answer is definitely YES. School leadership has become a priority in education policy agendas internationally and nationally, because it plays a key role in improving school outcomes by influencing the motivations and capacities of teachers, as well as the school climate and environment. Effective school leadership is essential to improve the efficiency and equity of schooling. Being a school principal is a well-established position that provides instructional leadership by coordinating curricula, co-curricular programs and is responsible for the general administration of the school.

Should school principals be held accountable for the quality of education? An Ethiopian perspective. | World Education Blog

Should school principals be held accountable for the quality of education? An Ethiopian perspective.
A/ Response from the Ministry of Education
B/ Response of school principal
C/ A student from Minilik secondary school, Addis Ababa, Ethiopia

Powershell, VSO Rest API and vNext Builds Powershell, VSO Rest API and vNext Builds
Powershell, VSO Rest API and vNext Builds
vNext Builds
Visual Studio Online REST API & PowerShell
PowerShell and vNext Builds
Only the beginning
Susan Williams
 Visual Studio Online REST API & PowerShell
Last year Microsoft released a new API for accessing Visual Studio Online. Using the REST API you can access pretty much anything in VSO – task boards, git commits, project and teams. You can review all of the services available here – https://www.visualstudio.com/en-us/integrate/api/overview. This post will be focusing on the service for Builds using version 2.0 of the API. The first URL we will look at is the list of all builds for the build definition we created previously ( https://www.visualstudio.com/integrate/api/build/builds#Getalistofbuilds ). The parameters I will use are definitions and $top (the api-version parameter is required in all calls). So our URL will look like this: <code> https: // { account}.visualstudio.com/defaultcollection/ {project}/_apis/build/builds?api-version {version}&definitions= {definitionId}&$top= {int} </code>
In our PowerShell script we can create a handful of variables to help us out. <code> $projectName = "" #Project name in VSO - can be found in the top left header when looking at builds $account = "" #Your account name $username = "" #Alternate credentials username $password = "" #Alternate credentials password $definition = "" #definition Id (s) found in the Variables tab of a build definition $apiVersion = "2.0" $tfsUrl = 'https://' + $account + '.visualstudio.com/defaultcollection/' + $projectName #Base url for all of the VSO API calls </code>
Accessing the VSO API through PowerShell requires Alternate Credentials set up.

Powershell, VSO Rest API and vNext Builds

Powershell, VSO Rest API and vNext Builds
Powershell, VSO Rest API and vNext Builds
vNext Builds
Visual Studio Online REST API & PowerShell
PowerShell and vNext Builds
Only the beginning
Susan Williams

Visual Studio Online REST API & PowerShell
Last year Microsoft released a new API for accessing Visual Studio Online. Using the REST API you can access pretty much anything in VSO – task boards, git commits, project and teams. You can review all of the services available here – https://www.visualstudio.com/en-us/integrate/api/overview. This post will be focusing on the service for Builds using version 2.0 of the API. The first URL we will look at is the list of all builds for the build definition we created previously ( https://www.visualstudio.com/integrate/api/build/builds#Getalistofbuilds ). The parameters I will use are definitions and $top (the api-version parameter is required in all calls). So our URL will look like this: <code> https: // { account}.visualstudio.com/defaultcollection/ {project}/_apis/build/builds?api-version {version}&definitions= {definitionId}&$top= {int} </code>
In our PowerShell script we can create a handful of variables to help us out. <code> $projectName = "" #Project name in VSO - can be found in the top left header when looking at builds $account = "" #Your account name $username = "" #Alternate credentials username $password = "" #Alternate credentials password $definition = "" #definition Id (s) found in the Variables tab of a build definition $apiVersion = "2.0" $tfsUrl = 'https://' + $account + '.visualstudio.com/defaultcollection/' + $projectName #Base url for all of the VSO API calls </code>
Accessing the VSO API through PowerShell requires Alternate Credentials set up.

Leadership accountability: do you have it? Leadership accountability: do you have it?
Leadership accountability: do you have it?
What is accountability?
What happens if you lack accountability?
Check yourself: are you holding yourself accountable?
5 tips to hold yourself accountable
A final word on fear
Conclusion
About the Author
Looking for more leadership insights?
 By Hannah Price
Being a leader isn’t all it’s cracked up to be. If something goes wrong in your team or department, the buck stops with you. You have to put up your hand and take ownership of the mistake. You have to take accountability for your actions (or lack thereof). This can hard to do, but for leaders it’s vital. Taking accountability builds trust and respect, and models a behavior of accountability in your employees and team. This article will delve into the importance of leadership accountability, help you figure out if you’re holding yourself accountable, and give tips on how to improve personal accountability and the culture of accountability at your organization. We’d better get started. What is accountability? This definition of accountability from Business Dictionary hits the nail on the head:

By Hannah Price
Being a leader isn’t all it’s cracked up to be. If something goes wrong in your team or department, the buck stops with you. You have to put up your hand and take ownership of the mistake. You have to take accountability for your actions (or lack thereof). This can hard to do, but for leaders it’s vital. Taking accountability builds trust and respect, and models a behavior of accountability in your employees and team. This article will delve into the importance of leadership accountability, help you figure out if you’re holding yourself accountable, and give tips on how to improve personal accountability and the culture of accountability at your organization. We’d better get started. What is accountability? This definition of accountability from Business Dictionary hits the nail on the head:

What Is an Enterprise Account Executive? | Work - Chron.com What Is an Enterprise Account Executive?
What Is an Enterprise Account Executive?
Qualifications
Account Planning
Relationship Management
Marketing Coordination
Customer Loyalty
 Account executives work with product development teams to create new products and customize or improve existing products to meet the needs of key accounts. Customer Loyalty
Enterprise customers represent the largest proportion of an organization’s revenue; the loss of an enterprise customer could prove extremely damaging. Enterprise account executives work with customer service and technical colleagues to see that the customer receives the highest standards of service from all parts of the organization. They also monitor competitive activity to identify any threat to the business. By building strong relationships and maintaining customer satisfaction, the account executives aim to create a level of loyalty that competitors find hard to overcome. ‒‒:‒‒
/
‒‒:‒‒
Replay
Skip
Ads by
Read More
References
Education-Portal.com: Commercial Account Executive: Job Description and Requirements
Information Management: A New Definition for Enterprise Customer Management
Insight Technology Solutions:

What Is an Enterprise Account Executive? | Work - Chron.com

What Is an Enterprise Account Executive?
What Is an Enterprise Account Executive?
Qualifications
Account Planning
Relationship Management
Marketing Coordination
Customer Loyalty

Account executives work with product development teams to create new products and customize or improve existing products to meet the needs of key accounts. Customer Loyalty
Enterprise customers represent the largest proportion of an organization’s revenue; the loss of an enterprise customer could prove extremely damaging. Enterprise account executives work with customer service and technical colleagues to see that the customer receives the highest standards of service from all parts of the organization. They also monitor competitive activity to identify any threat to the business. By building strong relationships and maintaining customer satisfaction, the account executives aim to create a level of loyalty that competitors find hard to overcome. ‒‒:‒‒
/
‒‒:‒‒
Replay
Skip
Ads by
Read More
References
Education-Portal.com: Commercial Account Executive: Job Description and Requirements
Information Management: A New Definition for Enterprise Customer Management
Insight Technology Solutions:

Certificates of Analysis Confirm Control - Food Quality & Safety Certificates of Analysis Confirm Control
Certificates of Analysis Confirm Control
Issues with Paper COAs
Costs Can Be Steep
Cause and Effect
Eliminate Disruptions
Analysis and Certification
ACCESS THE FULL VERSION OF THIS ARTICLE
Highlights from our Partners
Pests are good at Hide & Seek!
 This can further reduce costs associated with ongoing certification, as the data that is used to certify the vendor is already there. While COAs are important in confirming that the materials used in production meet a manufacturer’s standards, the information contained in them is critical to improving productivity. Ongoing COA management allows a manufacturer to statistically determine which suppliers have good processes and which suppliers are out of control. With the new COA definition, this information is sharable, usable and more available, resulting in improved productivity, efficiency and ongoing supplier relationships. These all work to eliminate disruptions and reduce overall manufacturing costs. ACCESS THE FULL VERSION OF THIS ARTICLE
To view this article and gain unlimited access to premium content on the FQ&S website, register for your FREE account. Build your profile and create a personalized experience today! Sign up is easy! GET STARTED
Already have an account? LOGIN
Highlights from our Partners
Pests are good at Hide & Seek!

Certificates of Analysis Confirm Control - Food Quality & Safety

Certificates of Analysis Confirm Control
Certificates of Analysis Confirm Control
Issues with Paper COAs
Costs Can Be Steep
Cause and Effect
Eliminate Disruptions
Analysis and Certification
ACCESS THE FULL VERSION OF THIS ARTICLE
Highlights from our Partners
Pests are good at Hide & Seek!

This can further reduce costs associated with ongoing certification, as the data that is used to certify the vendor is already there. While COAs are important in confirming that the materials used in production meet a manufacturer’s standards, the information contained in them is critical to improving productivity. Ongoing COA management allows a manufacturer to statistically determine which suppliers have good processes and which suppliers are out of control. With the new COA definition, this information is sharable, usable and more available, resulting in improved productivity, efficiency and ongoing supplier relationships. These all work to eliminate disruptions and reduce overall manufacturing costs. ACCESS THE FULL VERSION OF THIS ARTICLE
To view this article and gain unlimited access to premium content on the FQ&S website, register for your FREE account. Build your profile and create a personalized experience today! Sign up is easy! GET STARTED
Already have an account? LOGIN
Highlights from our Partners
Pests are good at Hide & Seek!

Are Amazon 'Sponsored Products' Ads Worth It?
Are Amazon 'Sponsored Products' Ads Worth It?
Amazon Sponsored Products
Does Amazon Advertising Work?
Strategy
Budget
Ad and Product Page Copy
Visuals
Positioning
Will I See Better Results on Amazon vs. Google Ads?
Getting Started With Amazon Ads
1. Win the Amazon Buy Box
2. Implement a Cohesive Structure in Your Ad Account
3. Learn the Strategy Behind Keywords and Bidding
4. Utilize Reporting in Amazon Ads
Topics:
Don't forget to share this post!
 2. Implement a Cohesive Structure in Your Ad Account
Within your Ad Account, you'll be able to build campaigns. Understanding the basic organizational structure within your Ad Account will help you optimize for performance. Here are the definitions for each component of Amazon's tiered structure: Account - Your account is the place you'll go to access any of your campaigns and seller tools. Think of it as the biggest bucket. Campaign - It's a great idea to build a campaign for each product category you're targeting. Ad Group - Each ad group will contain the ad that you've built and the corresponding keywords you're targeting with that ad. The best practice is to be as specific with each ad group as possible to improve the performance of the associated ads. 3.

Are Amazon 'Sponsored Products' Ads Worth It?

Are Amazon 'Sponsored Products' Ads Worth It?
Amazon Sponsored Products
Does Amazon Advertising Work?
Strategy
Budget
Ad and Product Page Copy
Visuals
Positioning
Will I See Better Results on Amazon vs. Google Ads?
Getting Started With Amazon Ads
1. Win the Amazon Buy Box
2. Implement a Cohesive Structure in Your Ad Account
3. Learn the Strategy Behind Keywords and Bidding
4. Utilize Reporting in Amazon Ads
Topics:
Don't forget to share this post!

2. Implement a Cohesive Structure in Your Ad Account
Within your Ad Account, you'll be able to build campaigns. Understanding the basic organizational structure within your Ad Account will help you optimize for performance. Here are the definitions for each component of Amazon's tiered structure: Account - Your account is the place you'll go to access any of your campaigns and seller tools. Think of it as the biggest bucket. Campaign - It's a great idea to build a campaign for each product category you're targeting. Ad Group - Each ad group will contain the ad that you've built and the corresponding keywords you're targeting with that ad. The best practice is to be as specific with each ad group as possible to improve the performance of the associated ads. 3.

 A Will to Win: We exhibit a strong will to win in the marketplace and in every aspect of our business. Personal Accountability: We are personally accountable for delivering on our commitments
Definition of values according to Anheuser-Busch
Quality in everything we do
Exceeding customer expectations
Trust, respect and integrity in all of our relationships
Continuous improvement, innovation and embracing change
Teamwork and open, honest communication
Each employee's responsibility for contributing to the company's success
Creating a safe, productive and rewarding work environment
Building a high-performing, diverse workforce
Promoting the responsible consumption of our products
Preserving and protecting the environment and supporting communities where we do business
Definition of values according to Avaya
Customer Value. We deliver unparalleled value to our customers. Only by serving our customers well do we justify our existence as a business. We view our success as dependent on our customers' success, both now and in the future. Accountability. We keep our commitments to our stakeholders. We earn the confidence of our stakeholders by acting with integrity and behaving ethically.

A Will to Win: We exhibit a strong will to win in the marketplace and in every aspect of our business. Personal Accountability: We are personally accountable for delivering on our commitments
Definition of values according to Anheuser-Busch
Quality in everything we do
Exceeding customer expectations
Trust, respect and integrity in all of our relationships
Continuous improvement, innovation and embracing change
Teamwork and open, honest communication
Each employee's responsibility for contributing to the company's success
Creating a safe, productive and rewarding work environment
Building a high-performing, diverse workforce
Promoting the responsible consumption of our products
Preserving and protecting the environment and supporting communities where we do business
Definition of values according to Avaya
Customer Value. We deliver unparalleled value to our customers. Only by serving our customers well do we justify our existence as a business. We view our success as dependent on our customers' success, both now and in the future. Accountability. We keep our commitments to our stakeholders. We earn the confidence of our stakeholders by acting with integrity and behaving ethically.

Can't remove Windows Hello PIN - Microsoft Community Can't remove Windows Hello PIN
MatthewI_632
Can't remove Windows Hello PIN
I have the same question (266)
Replies (6) 
MatthewI_632
neilpzz
Michał.Woody
 Great! Thanks for your feedback. How satisfied are you with this reply? Thanks for your feedback, it helps us improve the site. How satisfied are you with this reply? Thanks for your feedback. NE
neilpzz
Replied on September 10, 2019
In reply to MatthewI_632's post on September 10, 2019
Which version/build of Windows 10 do you have. Did you set a MS online account prior to the PIN, maybe you can't remove the PIN as it's the only account sign-in. I don't use it on my public build but was forced to set a PIN during a clean install of a Insider Preview (future version) so perhaps it also depends on the version you have. The option to remove the PIN is definitely available on my  preview build and I have a MS account set.

Can't remove Windows Hello PIN - Microsoft Community

Can't remove Windows Hello PIN
MatthewI_632
Can't remove Windows Hello PIN
I have the same question (266)
Replies (6) 
MatthewI_632
neilpzz
Michał.Woody

Great! Thanks for your feedback. How satisfied are you with this reply? Thanks for your feedback, it helps us improve the site. How satisfied are you with this reply? Thanks for your feedback. NE
neilpzz
Replied on September 10, 2019
In reply to MatthewI_632's post on September 10, 2019
Which version/build of Windows 10 do you have. Did you set a MS online account prior to the PIN, maybe you can't remove the PIN as it's the only account sign-in. I don't use it on my public build but was forced to set a PIN during a clean install of a Insider Preview (future version) so perhaps it also depends on the version you have. The option to remove the PIN is definitely available on my  preview build and I have a MS account set.