capital asset

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Related to capital asset: Capital asset pricing model

capital asset

A long-term asset, such as land or a building.

fixed′ as′set

a long-term asset, as a tract of land.
References in periodicals archive ?
Capital assets, like other accounts reported in the statement of net position, require periodic reconciliations to ensure that the amount on the capital asset system, which details all capital assets owned by the government, equals the amount on the general ledger.
com)-- Osaka-based wealth manager, Nippon Capital Asset Management J-LLC has promoted Hiro Yamamato to the position of Head of Private Client Portfolio Management.
He reported this lump sum as a sale of a capital asset with a cost basis of zero.
Section 1221 of the tax code broadly defines a capital asset.
It requires governments to report the effects of capital asset impairment in their financial statements when it occurs, and it enhances comparability of financial statements by requiring all governments to account for insurance recoveries the same way.
42, Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries, requiring governments to report the effects of capital asset impairment in financial statements.
Whether the property remains a capital asset at the time of ultimate sale is an issue that is decided under the general principles distinguishing dealer from non-dealer property.
GASB 34 permits latitude in how general capital assets are to be capitalized and reported, but many governments will expend significant effort dealing with the complexity of the capital asset requirements.
Excess capital asset solutions provider EquipNet Inc has launched a new corporate web site.
The first is the growing knowledge and capital asset disparities within the social structure of the United States, even as the economy has entered into its longest period of expansion in history.
At Parsons Brinkerhoff, a 100-year-old international design, planning and facilities firm, Monti is spearheading the expanded Capital Asset Management (CAM) services, a firm-wide initiative to provide a method for owners to best manage the physical resources of an organization.

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