Tangible Capital Assets definition

Tangible Capital Assets means non-financial assets having physical substance that:
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Tangible Capital Assets means non-financial assets that are managed by the Municipality and which have physical substance that are held for the production or supply of goods or services, for rental to others, for administrative purposes or for development, construction, maintenance or repair of other tangible capital assets, have useful economic lives extending beyond an accounting period, are used on a continuing basis, and are not for sale in the ordinary course of operations. Tangible Capital Assets include all Local Improvements that are transferred to the Municipality in accordance with this Agreement.
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Tangible Capital Assets means Non-Financial Assets or computer software that meet the recognition criteria set in FIN-018-A Tangible Capital Assets Policy section 4.1.a.
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Examples of Tangible Capital Assets in a sentence

  • Tangible Capital Assets have useful lives extending beyond the accounting period, are used by the school division to provide services to the public and are not intended for sale in the ordinary course of operations.

  • The Schedule of Tangible Capital Assets (TCA), page 23 of the audited financial statements, provides a breakdown of cost, accumulated amortization and net book value by class.

  • The Schedule of Tangible Capital Assets provides information on the tangible capital assets of the Township by major asset class and by function, as well as for accumulated amortization of the assets controlled.

  • Tangible Capital Assets have useful lives extending beyond the accounting period, are used by the School Division to provide services to the public and are not intended for sale in the ordinary course of operations.

  • Tangible Capital Assets are recorded at cost, which includes amounts that are directly related to the acquisition, design, construction, development, improvement or betterment of the assets.

  • Tangible Capital Assets are initially recorded at cost, and are subsequently amortized to expense.

  • Certain assets have historical or cultural value including works of art, historical documents as well as historical and cultural artifacts that are not recognized as tangible capital assets Note 1 - Significant Accounting Policies – (c) Tangible Capital Assets (continued) because a reasonable estimate of the future benefits associated with such property cannot be made.

  • Equity In Tangible Capital Assets - used to record the acquisition and disposal of tangible capital assets and related financing and similarly separated into General, Water and Sanitary Sewer Funds.

  • Haldimand County uses the definition of Tangible Capital Assets from the Public Sector Accounting Board.

  • Tangible Capital Assets have useful lives extending beyond the accounting period, are used by the College to provide services to the public and are not intended for sale in the ordinary course of operations.


More Definitions of Tangible Capital Assets

Tangible Capital Assets means assets having physical substance that must meet all of the following conditions:
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Tangible Capital Assets means assets that are held for use in the production or supply of goods and services, for rental to others, for administrative purposes or for the development, construction, maintenance, or repair of other tangible capital assets; have useful economic lives extending beyond an accounting period; are to be used on a continuing basis; and are not for sale in the ordinary course of operations.
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Tangible Capital Assets means land, buildings, water and sewer systems, roads, infrastructure, machinery, vehicles, and equipment that has been purchased, constructed or contributed to the City and provides long-term benefits.
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Tangible Capital Assets means physical and measurable assets that are used in the organization's operations. These assets may include buildings, equipment, and machinery.
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Tangible Capital Assets means the tangible capital assets presented on the statement of financial position of the NPO representing identifiable tangible assets that meet all of the following criteria
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Related to Tangible Capital Assets

  • Capital Assets means, with respect to any person, all equipment, fixed assets and Real Property or improvements of such person, or replacements or substitutions therefor or additions thereto, that, in accordance with GAAP, have been or should be reflected as additions to property, plant or equipment on the balance sheet of such person.

  • 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.

  • Total Assets means the total consolidated assets of the Company and its Restricted Subsidiaries, as shown on the most recent balance sheet of the Company.

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Digital asset means an electronic record in which an individual has a right or interest. The term does not include an underlying asset or liability unless the asset or liability is itself an electronic record.

  • Consolidated Net Tangible Assets means the total amount of assets that would be included on a consolidated balance sheet of the Company and the consolidated Subsidiaries (and which shall reflect the deduction of applicable reserves) after deducting therefrom all current liabilities of the Company and the consolidated Subsidiaries and all Intangible Assets.

  • Consolidated Total Assets means, at any time, the total assets of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis, as set forth or reflected on the most recent consolidated balance sheet of the Borrower and its Consolidated Subsidiaries, prepared in accordance with GAAP.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Tangible Assets means, with respect to any Person as of any date, the amount which, in accordance with GAAP, would be set forth under the caption “Total Assets” (or any like caption) on a consolidated balance sheet of such Person and its Restricted Subsidiaries, less all goodwill, patents, tradenames, trademarks, copyrights, franchises, experimental expenses, organization expenses and any other amounts classified as intangible assets in accordance with GAAP.

  • Consolidated Tangible Net Worth means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, Shareholders’ Equity of the Borrower and its Subsidiaries on that date minus the Intangible Assets of the Borrower and its Subsidiaries on that date.