PP&E Assets definition

PP&E Assets means assets that would, in accordance with GAAP, be classified and accounted for as “property, plant and equipment” on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries.
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Examples of PP&E Assets in a sentence

  • For the purpose of impairment testing, the recoverable amount of PP&E Assets was determined using judgement and internal estimates.

  • Recording General PP&E Assets 10 * January 2016Table of Contents (Continued)0108 OTHER ASSETS 10010801.

  • Table 2-1 (below) prescribes the recovery periods (useful lives) that will be used for depreciable General PP&E assets.Table 2-1, NASA Recovery Periods for Depreciable General PP&E Assets 2.6 Impairment Loss‌2.6.1 Permanent impairment losses to General PP&E remaining in use will be recognized and reported in accordance with SFFAS 44, Accounting for Impairment of General Property, Plant, and Equipment Remaining in Use.

  • For depreciable periods, seeTable 6-1 “DoD Standard Recovery Periods for Depreciable General PP&E Assets.

  • Estimated useful lives (years)Depreciation Rates (%)PPE Assets Properties502Improvement of properties502Renovation of properties10-156.67-10Furniture and equipment5-714.29-20 The estimated useful lives, residual values and depreciation methods are reviewed at least once a year, with the effect of any changes in estimate accounted for on a prospective basis.

  • For depreciable periods, see Table 6-7 “DoD Standard Recovery Periods for Depreciable General PP&E Assets.

  • The impact on the financial statements is that Property, Plant and Equipment is overstated by £1,020,000 and the Revaluation Reserve/Surplus on revaluation of PPE Assets in the CIES is overstated by £1,020,000.

  • In addition the assets are recorded in fixed assets register for controlling purposes.Thereby, the accounting treatment will be as follows: Dr. PP&E Assets expense account (Income & Expenditure Statement) Cr. Bank (balance sheet)Dr. PP&E Assets Cost (balance sheet)Cr. PP&E Assets Accumulated Depreciation (balance sheet)Thereby the asset is fully written off in the year of purchase.

  • When writing out of the revaluation reserve, the balance of the revalued amount of Council Dwellings, this was understated by £12m.This then had the effect of a £12m charge to the Surplus/Deficit on Revaluation of PPE Assets line within the Comprehensive Income and Expenditure Statement, and then an associated £12m additional reversal to the Revaluation losses (chargeable to revaluation reserve) line within the Movement in Reserves Statement.

  • It is forecast that by 2035, more than half the present nursing workforce will retire, and similar prospects are forecast for doctors and other medical specialists.

Related to PP&E Assets

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Subject Assets is defined in Section 2.2(c).

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Gross Assets means the total of fixed assets and current assets;

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • Specified Assets the following property and assets of such Grantor:

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.