Capital Asset definition

Capital Asset means, with respect to the Borrower and its Subsidiaries, any asset that should, in accordance with GAAP, be classified and accounted for as a capital asset on a Consolidated balance sheet of the Borrower and its Subsidiaries.

Capital Asset means, with respect to the U.S. Borrower and its Subsidiaries, any asset that should, in accordance with GAAP, be classified and accounted for as a capital asset on a Consolidated balance sheet of the U.S. Borrower and its Subsidiaries.

Capital Asset means, with respect to any Person, any tangible fixed or capital asset owned or leased (in the case of a Capital Lease) by such Person, or any expense incurred by such Person that is required by GAAP to be reported as a non-current asset on such Person's balance sheet.

Examples of Capital Asset in a sentence

• Capital Asset purchases will include communication, hazardous material, rescue, and transportation equipment.

• OCSS FINANCIAL INFORMATION: Contact: Xxxxxxxx Page II, Budget Officer Email: xxxxxxxx.xxxx@xxx.xxx.xxx Telephone: 000-000-0000 TAS: 075-X-1553-000 Agreement Number: ACF-FFY24SNAP-TX Common Accounting Number: G9924FR Object Class Code: 25308 EIN: 00-0000000 DUNS Number: 000000000 Agency Location Code (ALC): 75-03-0030 Capital Asset Indicator: No Contact: Xxx Xxxxxxx Telephone: 000-000-0000 000 X.

• Pursuant to the General Requirements, the CM/GC shall provide a Final Certificate of Costs for Capital Asset Accounting, to enable the Owner and Using Agency to accurately reflect the Project as a capital asset in accordance with generally accepted government accounting principles (GASB – 34).

More Definitions of Capital Asset

Capital Asset means any item of equipment or other asset costing £500 (five hundred pounds) (excluding VAT) or more which, on the date of purchase, has a useful life of more than one year and is purchased wholly or partly out of the Grant.

Capital Asset means property that contributes toward earning self-employment income, including self-employment income from a microenterprise (see section (43) of this rule), either directly or indirectly. A "capital asset" generally has a useful life of over one year and a value, alone or in combination, of $100 or more.

Capital Asset means the non-consumable movable and immovable property, including land of the Municipality;

Capital Asset means, with respect to any Person, any tangible fixed or capital asset owned or leased (in the case of a Capital Lease) by such Person, or any expense incurred by such Person that is required by GAAP to be reported as a non-current asset on such Person’s balance sheet.

Capital Asset means, with respect to the Borrowers and their Subsidiaries, any asset that should, in accordance with GAAP, be classified and accounted for as a capital asset on a Consolidated balance sheet of the Borrowers and their Subsidiaries.

Capital Asset means property of any kind held by an assessee, whether or not connected with his business or profession, but does not include-

Capital Asset means real property or tangible items purchased or leased with STIF moneys, including without limitation vehicles and structures, with a purchase price of $5,000 or more and a useful life of at least one year.