Value of Contributions. In accordance with Section 704(c) of the Code and the applicable Treasury Regulations thereunder, income, gain, loss, deduction, and tax depreciation with respect to any property which has a Book Basis different from its adjusted basis as determined for federal income tax purposes shall, solely for income tax purposes (and without adjusting any Member’s Capital Account therefor), be allocated among the Members so as to take into account any variation between the adjusted tax basis of such property to the Company and the Book Basis of such property.
Value of Contributions. 3.1 Fair Market Value of Contributed Assets.............................11 --------------------------------------- 3.2
Value of Contributions. The agreed value of the Operating Assets is Six Hundred Sixty-Seven Thousand Dollars ($667,000 US).
Value of Contributions. The Work Breakdown Structure, cost estimates and budgets use US accounting rules i.e. all materials, services, labor, engineering, design, inspection, administration and contingency are included. Participating Institutions may use either US accounting rules or European accounting rules. In European accounting the contribution is assumed to be only materials and services. In the case of European accounting an effective contribution is calculated by inserting the materials and services value of the contribution into the Work Breakdown Structure and determining an "effective contribution" by US accounting. The effective value of a contribution will be agreed by the Collaboration Board.
Value of Contributions
