NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MEANING OF LEASE AND FINANCE LEASE With financing, you own the vehicle. When the loan is over, you own the vehicle “free and clear” and can continue driving it or resell it or whatever. The advantage to you is that you actually own the vehicle and are free to do whatever you want with it. […]
NOMINAL INTEREST RATE AND EFFECTIVE INTEREST RATE The nominal interest rate is the annual interest rate (per year) for a certain compounding period. A nominal interest rate can be applied to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest. The nominal interest rate can be
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MEANING OF WILL AND TRUST-ALL YOU NEED TO KNOW DEFINITION OF WILL A will, is a legal document that designates how to manage your assets upon your death. When establishing a will, the creator, known as the testator, must be an adult of sound mind. The testator elects an executor or executrix to handle estate
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DIRECT AND INDIRECT EXPENSES- ALL YOU NEED TO KNOW DIRECT EXPENSES A direct expense is an expense that is related to the purchase of products. Many companies are in the trade for resale, and they have to buy bulk stock to operate. Direct expenses would refer to anything that is related to what you have
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THINGS TO CHECK BEFORE REGISTERING YOUR PROPERTY Investing in a home almost always requires financial commitments that can continue for at least a couple of decades. Considering the magnitude of the commitment, it is critical that the decision must be safeguarded by the meticulous maintenance of records pertaining to the property in question. In order
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FACTORS THAT DETERMINE PROPERTY REGISTRATION OR LAND CHARGES New Property or Old Property: The type of property you want to register determines the property registration fees. Generally, you will be paying a high registration fee to get a brand new property registered. This makes sense as the registration fee is a percentage of your total property
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POWER OF ATTORNEY AND ITS TYPES-ALL YOU NEED TO KNOW Power of Attorney Act 1882, power of attorney includes any instrument empowering a specified person to act for and in the name of the person executing it. Power of Attorney is very well known as Power of Attorney or Power of Authority which is the authority to
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PROFITABILITY INDEX-ALL YOU NEED TO KNOW The profitability index measures the monetary benefits (i.e. cash inflows) received for each dollar invested (i.e. cash outflow), with the cash flows discounted back to the present date. More specifically, the profitability index ratio compares the present value (PV) of future cash flows received from a project to the
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MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION ALL YOU NEED TO KNOW DEFINITION OF MEMORANDUM OF ASSOCIATION Memorandum of Association refers to a fundamental public charter that encloses particulars needed at the time of incorporation. Presently, MOA acts as a mandatory requirement for incorporation in India. At the time of the company’s incorporation, it needs
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REPO RATE AND REVERSE REPO RATE REPO RATE When commercial banks approach the Reserve Bank of India for funds, they’re charged a certain amount of interest. The rate at which RBI lends these finances to commercial banks is called the repo rate. In this case, a repurchasing agreement is signed by both parties, stating that the
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Meaning, Methods of Calculating the Depreciation What Is Depreciation? Depreciation is the reduction in the value of assets due to wear and tear. Every asset is subject to wear and tear in the ordinary course of its use and also with the passage of time. The cost of the asset is allocated over time and
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How to Calculate Straight Line Depreciation? Why use the straight-line method of depreciation? It represents the depreciation expense evenly over the estimated full life of a fixed asset. You can use a basic straight-line depreciation formula to calculate this, too. Let’s break down how you can calculate straight-line depreciation step-by-step. We’ll use an office copier
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