De-pooling of short-life assets

Article Abstract:

Businesses can obtain full relief during the actual life of short-lived assets (SLA) through the Capital Allowances Act of 1990, ss 37 and 38 in the UK. Legislation provides for the treatment of the asset as a separate trade with each SLA possessing its own pool. The submission of an election to the tax inspector is required for a business to avail of full relief on the asset's net cost within its lifetime, which should be less than five years. Electing for SLA treatment is favorable in cases wherein the asset's written-down tax value is greater than the proceeds of its disposal. Election is allowed within a two-year duration of incurred expenditures and is irrevocable.

Taxation, Laws, regulations and rules, Capital assets, Depreciation, Great Britain

---

Brand name policy boosts assets

Article Abstract:

Grand Metropolitan PLC, Reckitt & Colman PLC, and Maxwell Communication are among the companies that have begun to include the value of acquired brand names, trade marks, and publishing rights on their balance sheet assets. Grand Metropolitan is capitalizing significant brands based on their purchase price and does not plan to account for value added to the brands since their acquisition. Other brand valuation trends include only amortizing brands or rights with a finite life and only valuing purchased brands because of the difficulties inherent in valuing existing brands.

Accounting and auditing, Trademarks, Reckitt and Colman PLC, Grand Metropolitan PLC, Maxwell Communication Corp.

---

Assets presentation revised

Article Abstract:

Lloyds TSB revised the presentation of certain assets in its accounts for the year ended 31 December, 2000. The assets held for leasing to customers under operating lease agreements are now included with tangible fixed assets, and the change does not change the before-tax profit.

Management, Reports, Lloyds TSB Group PLC, Assets (Accounting)

Similar abstracts:

• Abstracts: Investing in floating assets. Brokers set their sights on Asian prizes. Foreign-funded projects come in for scrutiny
• Abstracts: Consumer perceptions of non-food assortments: an empirical study. Acculturation and inter-ethnic consumer perceptions: Can you feel what we feel?
• Abstracts: Does every modern portfolio need them? Shareholder crises and private placing. Consolidators? Who needs them?
• Abstracts: An empirical investigation of the interface between internal and external auditors. An empirical evaluation of the interpersonal and organisational correlates of professionalism in internal auditing
• Abstracts: Dishonesty and Corruption: Who Draws the Line? A boost below the line. Views on the bottom line

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.