capital assets


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capital assets

n. equipment, property, and funds owned by a business. (See: capital, capital account)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
34, Basic Financial Statements--and Management's Discussion and Analysis--for State and Local Governments, paragraph 19: "The term capital assets includes land, improvements to land, easements, buildings, building improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in operations and that have initial useful lives extending beyond a single reporting period." [emphasis added]
Governments are required to evaluate prominent events or changes in circumstances affecting capital assets to determine whether impairment of a capital asset has occurred.
The loan will be used for owning capital assets in infrastructure and production fields in accordance with the Annex 1 of the budget law, which prioritizes new energy, nuclear, power, railways, highways, dams, irrigation networks and water transportation projects.
The Finance Bill, 2018 proposes to withdraw the exemption under Clause (38) of Section 10 and to introduce a new Section 112A in the Income Tax Act, 1961, so as to provide that long-term capital gains arising from transfer of such long-term capital asset exceeding one lakh rupees will be taxed at a concessional rate of 10 percent.
The Capital Asset Pricing Model (CAPM) has been extensively used in the world of finance, for computing the expected return of securities.
One of the assertions that management makes about the financial statements is existence--do the capital assets exist, and where are they located?
A CAPITAL GAIN OR LOSS generally requires the "sale or exchange" of a capital asset. Capital losses are generally usable only to offset capital gains (with an additional deduction for individuals of net capital loss against ordinary income, usually limited to $3,000 per year).
Besides the concessional rate of taxes available on sale of capital assets, there are also certain exemptions provided under the Income tax law for capital gains arising from sale of long-term capital asset.
1234A to the abandonment of partnership interests, termination fees incurred in conjunction with a merger, payments received for waiving a contract provision, or any other circumstance in which the taxpayer "walks away" from a right or obligation with respect to property that is (or on acquisition would be) a capital asset.
The study is about capital assets acquisition and its effect on the quality of financial reports.
M2 EQUITYBITES-July 30, 2013-Sunset Capital Assets wraps up Green Bear Solutions takeover(C)2013 M2 COMMUNICATIONS http://www.m2.com

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