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Salvage Value
''Residual value'' is one of the constituents of a leasing calculus or operation. It describes the future value of a good in terms of absolute value in monetary terms and it is sometimes abbreviated into a percentage of the initial price when the item was new. Example: A car is sold at a list price of $20,000 today. After a usage of 36 months and 50,000 miles its value is contractually defined as $10,000 or 50%. The credited amount, on which the interest is applied, thus is $20,000 present value minus the present value of $10,000 future value. Residual values are contractually dealt with either in terms of closed contracts or open contracts. In accounting, residual value is another name for salvage value, the remaining value of an asset after it has been fully depreciated, or after deteriorating beyond further use. The residual value derives its calculation from a base price, calculated after depreciation In accountancy, depreciation is a term that refers to two aspects o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leasing
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Closed Contract
Closed may refer to: Mathematics * Closure (mathematics), a set, along with operations, for which applying those operations on members always results in a member of the set * Closed set, a set which contains all its limit points * Closed interval, an interval which includes its endpoints * Closed line segment, a line segment which includes its endpoints * Closed manifold, a compact manifold which has no boundary Other uses * Closed (poker), a betting round where no player will have the right to raise * ''Closed'' (album), a 2010 album by Bomb Factory * Closed GmbH, a German fashion brand * Closed class, in linguistics, a class of words or other entities which rarely changes See also * * Close (other) * Closed loop (other) * Closing (other) * Closure (other) * Open (other) Open or OPEN may refer to: Music * Open (band), Australian pop/rock band * The Open (band), English indie rock band * ''Open'' (Blues Image album), 1969 * ''O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Contract
Open or OPEN may refer to: Music * Open (band), Australian pop/rock band * The Open (band), English indie rock band * Open (Blues Image album), ''Open'' (Blues Image album), 1969 * Open (Gotthard album), ''Open'' (Gotthard album), 1999 * Open (Cowboy Junkies album), ''Open'' (Cowboy Junkies album), 2001 * Open (YFriday album), ''Open'' (YFriday album), 2001 * Open (Shaznay Lewis album), ''Open'' (Shaznay Lewis album), 2004 * Open (Jon Anderson EP), ''Open'' (Jon Anderson EP), 2011 * Open (Stick Men album), ''Open'' (Stick Men album), 2012 * Open (The Necks album), ''Open'' (The Necks album), 2013 * ''Open'', a 1967 album by Julie Driscoll, Brian Auger and the Trinity * ''Open'', a 1979 album by Steve Hillage * Open (Queensrÿche song), "Open" (Queensrÿche song) * Open (Mýa song), "Open" (Mýa song) * "Open", the first song on The Cure album ''Wish (The Cure album), Wish'' Literature * Open (Mexican magazine), ''Open'' (Mexican magazine), a lifestyle Mexican publication * Open ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salvage Value
''Residual value'' is one of the constituents of a leasing calculus or operation. It describes the future value of a good in terms of absolute value in monetary terms and it is sometimes abbreviated into a percentage of the initial price when the item was new. Example: A car is sold at a list price of $20,000 today. After a usage of 36 months and 50,000 miles its value is contractually defined as $10,000 or 50%. The credited amount, on which the interest is applied, thus is $20,000 present value minus the present value of $10,000 future value. Residual values are contractually dealt with either in terms of closed contracts or open contracts. In accounting, residual value is another name for salvage value, the remaining value of an asset after it has been fully depreciated, or after deteriorating beyond further use. The residual value derives its calculation from a base price, calculated after depreciation In accountancy, depreciation is a term that refers to two aspects o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depreciation
In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wear, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle). Depreciation is thus the decrease in the value of assets and the method used to reallocate, or "write down" the cost of a tangible asset (such as equipment) over its useful life span. Businesses depreciate long-term assets for both accounting and tax purposes. The decrease in value of the asset affects the balance sheet of a business or entity, and the method of depreciating the asset, accounting-wise, affects the net income, and thus the income statement that they report. Generally, the cost is allocated as depreciation expense among the periods in which the asset is expected to be used. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Economics
Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets.Moschandreas, Maria (2000). ''Business Economics'', 2nd Edition, Thompson Learning,Descriptionand chapter-previelinks A professional focus of the journal ''Business Economics'' has been expressed as providing "practical information for people who apply economics in their jobs." Business economics is an integral part of traditional economics and is an extension of economic concepts to the real business situations. It is an applied science in the sense of a tool of managerial decision-making and forward planning by management. In other words, business economics is concerned with the application of economic theory to business management. Business economics is based on microeconomics in two categories: posit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
