for Lease Agreement with HasSpace Inc. In response to your request for accounting guidance regarding the lease agreement with HasSpace Inc, we will address your main questions concerning how the to account for the following: (1) depreciation (if applicable) and expenditures of leasehold improvements, (2) possible general repair and maintenance costs , and (3) the possible re-instation to the property’s original condition. From the information you have provided, the lease agreement
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produced either in-kind or in the proceeds from the sale of the minerals. • Royalty interest This type of mineral interest is created by leasing. The royalty interest is retained by the owner of the mineral rights when that owner enters into lease agreement with another party. • Working interest This interest is created via leasing and is responsible for the exploration, development, and operation of a property. The working interest is responsible of paying all 100% of the cost.
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Appendix B Use Table FA–1 (in Exhibit B-2) and Table FA–2 (in Exhibit B-4) | a. | To determine the future amount of $20,000 is invested for 10 years, at 6 percent interest, compounded annually. (Round your FV factor to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) | Future value | $ | b. | To determine the future amount of $100,000 is to be received five years from today, at 10 percent annual interest. (Round your FV
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securities. It takes into account present effects as well as future years; in addition it also considers the conversion of bonds as well as how debt covenant restrictions effect these financials. The paper also documents how both capital and operating leases are accounted for in varying situations. It does not examine criteria for designation between the two, rather how they are handled in regards to common situations. The author adds his own thoughts and provides commentary on these topics and gives
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that they would renew their lease another 2 years from January 1, 2001 to December 31, 2002. The Bryants agreed to pay $2, 597 per month in rent. Michelle was recovering from a second cancer surgery two months into their second tenancy. She also suffers from an allergy to smoke (Peter Poyck, Plaintiff, v Stan Bryant et al., Defendants, 2012). Facts Stan and Michelle leased their condominium from Peter Poyck. They lived there for 3 years and then decided to lease it for another 2 years. Two
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and landlord of a condominium unit, No. 5-D, located in a building at 22 West 15th Street, New York City. Poyck leased his unit to the Bryants and after three years of the tenants living there; they decided to sign another two-year lease. A few months into the new lease, new neighbors moved in next-door, unit No. 5-C. The new neighbors were smokers and constantly smoked in the fifth floor hallway, a common area, and in their apartment. The secondhand smoke penetrated into the Bryants unit causing
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private company. a. The lease or buy decision, including whether to structure as an operating lease. The new canning equipment should be leased over the 14 year term with no bargain purchase option so as to structure it as an operating lease. The major factor to consider is what will boost Net Income the most given that the goal is raise the share price. After a side-by-side comparison, the Net Income is greatest under an operating lease structure with the capital lease and purchase outcomes being
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"Client" means a person who has entered into a brokerage relationship with a licensee. "Common source information company" means any person, firm, or corporation that is a source, compiler, or supplier of information regarding real estate for sale or lease and other data and includes, but is not limited to, multiple
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Page |1 Guideline for Assets Ownership “Leased & Owned Properties” for ALJ Land Holding 1. Existing Owned Properties: a. All existing owned properties ownership will be transferred to ALJLH, however lands which will be divested will not be transferred to ALJLH. b. ALJLH will charge the end-user businesses (Tenant) rentals as per market rates with anchor discount, subject to rental growth at 3.5% pa. c. Tatweer-ALJLH will raise project CAPEX budget approval for all renovation and construction
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The Malaysian Institute of Certified Public Accountants DISCUSSION PAPER TAX IMPLICATIONS RELATED TO THE IMPLEMENTATION OF FRS 117: LEASES Prepared by: Joint Tax Working Group on FRS Date of issue: 22 January 2010 Tax Implications Related to the Implementation of FRS 117: Leases Disclaimer: This document is meant for the purpose of discussion only and the Malaysian Institute of Accountants, The Malaysian Institute of Certified Public Accountants and the Chartered Tax Institute of
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