Sentences with phrase «costs less depreciation»

Original purchase price plus some items found on HUD - 1 plus improvements that you capitalized over the years plus any selling costs less depreciation that was allowed regardless of whether you deducted it or not.

Actual Cash Value policies pay for replacement costs less depreciation at the time of the loss.

From this amendment, the majority concluded that the appraisal process would be incorrectly conducted if it applied «cost less depreciation».

Actual Cash Value coverage will only pay for the replacement cost less depreciation.

Actual cash value (ACV) definition: ACV is equal to the replacement cost less any depreciation (ACV = replacement cost - depreciation).

Actual Cash Value: The fair market value of property; technically, replacement cost less depreciation.

Actual cash value is the replacement cost less depreciation.

Geico defines ACV as «The fair market value of property; technically, replacement cost less depreciation.»

I received a check from the insurance company for the «actual cash value» (replacement cost less depreciation) of items lost in the fire and In order to recover depreciation (50 -90 % of the total value in many instances), I need to buy the items, obtain a receipt, and then submit it to the insurance company.

Not exact matches

While depreciation will be worth less at the lower corporate tax rate, NRF also notes that under the new tax code the full cost of equipment can be written off immediately, for any equipment acquired and put into service after September 27, 2017.

Pre-owned vehicles cost substantially less because buyers don't pay for the initial depreciation when a new car is first driven off the lot.

One now - Tesla fanatic ran the numbers and found the Model S costs less than a Honda Odyssey when you factor in depreciation, fuel, and maintenance.

And though it's not exactly the cheapest car on the market, its depreciation is so low that it costs less to own over five years than its initial MSRP.

Depreciation An accounting procedure that aims to distribute the cost of tangible capital assets, less any expected salvage value, over the estimated useful life of the asset in a rational and systematic manner.

Fixed assets are usually recorded at cost less accumulated depreciation.

If you choose not to rebuild your home, you will receive the replacement cost of your home, less depreciation.

Actual cash value (ACV) is the cost to replace it with new property of similar style and quality, less depreciation.

For example, if your roof is destroyed in a storm, the insurance will only pay for the cost of a new roof less the amount of depreciation of the old roof.

This amount is usually calculated as the cost of the property less depreciation.

The actual value of your home (which may be less than the cost to rebuild because of possible depreciation over time).

Operating Earnings (OE) is calculated as revenue less production costs, sales and administration expenses as well as depreciation and amortization.

Definition of Actual Cash Value: Intial cost to buy or market value of item less depreciation for the number of years you had it.

For example, at the moment with NG, if your annual gross rent is $ 10,000 and your total costs including depreciation is say $ 15,000, then you can use the additional $ 5,000 in expenses against your other income and thus reduce the amount of tax you pay for that year (if your marginal tax rate was say 30 % then you would pay $ 5,000 x 0.30 = $ 1,500 less in tax for that year).

The insured claimed in each case that the insurer's letter and attached «STANDARD REPORT,» when read together, gave rise to a legal obligation to determine the «actual cash value» of the property on the basis of a replacement cost less ten percent depreciation, an amount more than that determined due by the insurer and later by a referee.

ACV is the replacement cost value at the time of loss, which is less the value of its physical depreciation.

If you choose not to rebuild your home, you will receive the replacement cost of your home, less depreciation.

Fair market value is the original cost of your car, less depreciation.

Actual cash value of property is usually less than the replacement cost since depreciation decreases it.

These policies will pay for losses according to actual cash value to replace your home and possessions minus depreciation, or by replacement cost value (the actual cost of replacing your home or belongings up to your policy limit less depreciation).

Actual Cash Value Cost to repair or replace damaged property with materials of like kind and quality, less depreciation.

Your insurance indicates that baggage and possessions are covered based on the lesser of either the actual cash value (retail value minus depreciation), or replacement cost.

The definition of «actual cash value» is the amount of money it would take to replace your entire home with a home of the same quality, made out of the same materials, less depreciation — whereas replacement cost doesn't account for depreciation and is seen as the far better deal for the homeowner.

Provides payment based on the cost to repair or replace damaged property less depreciation at the time of loss.

The cost of repairing or replacing damaged property with property of the same kind and quality, less depreciation (i.e., in the same physical condition as the original property prior to damage).

A lower - cost option for pontoon owners that provides settlement on an Actual Cash Value basis (the value of your pontoon, less any depreciation over time).

Actual cash value generally means the replacement cost of the vehicle less depreciation.

While the actual cash value of your living room furniture is going to hundreds or thousand less than your paid for it, due to use and depreciation, the replacement cost may be higher.

Partial losses are settled by taking the total cost of the repair less a percentage for depreciation.

ACV may be determined as replacement cost, new, less depreciation.

Cash - value policies are cheaper because you are covered only for what an item would cost today less depreciation for how old it is.

Replacement cost less physical depreciation and obsolescence is the amount that an insurance company will pay for an insured property after it considers the diminished value because of wear and tear or because new technology has replaced it in the market.

The nicer property is also easier to finance, enabling you to get some reasonable leverage and get the extra depreciation tax benefits that entails, gets more money invested quicker with less effort in finding properties, and the total closing costs will be much less than getting loans on multiple smaller properties.

In general, the adjusted tax basis of a principal residence is the cost of the property (i.e., what you paid for the property when you first purchased it), plus amounts paid for capital improvements, less any depreciation and casualty losses claimed for tax purposes.

Basis is the purchase price plus any capital improvements, plus purchase costs, less depreciation taken or allowed.