5 edition of Stop Sitting on Your Assets found in the catalog.
June 20, 2007
by Ethan Madison Publishing, Inc.
Written in English
|The Physical Object|
Construction work in progress is a general ledger account in which the costs to construct a fixed asset are recorded. This can be one of the largest fixed asset accounts, given the amount of expenditures typically associated with constructed assets. The account has a natural debit balance, and is reported within the property, plant and equipment line item on the balance sheet. The asset's cost should be matched with the revenues earned by using the asset, i.e. depreciation must be spread out over the periods in which revenue is earned. If an asset is purchased but not yet put to use, then it is not helping to generate revenue, and depreciating the asset from date of purchase will not comply with the matching principle.
Sale of depreciable assets. If an asset is sold for cash, the amount of cash received is compared to the asset's net book value to determine whether a gain or loss has occurred. Suppose the truck sells for $7, when its net book value is $10,, resulting in a loss of $3, Depreciable assets are business assets which can be depreciated. That is, the value of the asset is considered as a business expense over the life of the asset. Anything you buy for business use can be deducted as an expense on your business tax return. Some assets (things of value) you buy may be deducted immediately (these are current assets.
At some point, you have to stop and say, “No more.” No more working to live. No more wasting the free time you earn. Only when you say no, you can start using your time. Because like Seneca says, life is really long. Let’s say you’re currently 35 years old. And let’s assume you . Depreciation enables you to spread the cost of a fixed asset over its useful life. Here's how to account for equipment depreciation on your P&L statement and balance sheet.
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" the effervescent Marian Snow, in her groundbreaking book, STOP SITTING ON YOUR ASSETS, has set down a number of easy-to-implement solutions to take you from cash crunch to real riches. Snow s advice is honest, informative, and downright revolutionary/5(47).
Whether you are a professional advisor or home owner, you need to know the truth about the book Stop Sitting On Your Assets (SSOYA). This book, as well as Missed Fortuneis being used as a sales tool by life insurance agents, financial planners, and mortgage brokers -- who are unaware that the book uses "fuzzy" math to reach its conclusions.
"Fuzzy" math coupled with a total lack of attention to the. I am glad I stumbled upon "Stop Sitting on Your Assets", it is an amazing book that I believe should be picked up by anyone who cares about taking charge of their financial future.
I know a lot more now than when I started, am not groping in the dark about concepts of mortgage, equity and real estate/5(47). Stop Sitting On Your Assets Hardcover – See all formats and editions Hide other formats and editions.
Price New from Used from Hardcover, "Please retry" — — — Hardcover Manufacturer: Ethan Madison Publishing. Stop Sitting On Your Assets makes these strategies crystal clear - and you can apply them with security and ease. If you own a home, you owe it to yourself to know about today's new reality: You are sitting on a potential fortune that can safely and confidently be put to work to build a massively abundant financial future/5.
STOP SITTING ON YOUR ASSETS (How to safley leverage the equity trapped in your home and trasnsform it into a constant flow of wealth and security.) Paperback – January 1, by Snow Marian (Author) out of 5 stars 47 ratings.
See all 9 formats and /5(47). General Book Review of Stop Sitting on Your Assets (SSOYA) SSOYA is a very clever book written by an author that has a nice ability to write a book that the general public will understand on what can be complex subjects.
The Home Equity Management Guidebook is a very readable, yet thorough discussion of the powerful ways to safely build wealth with your home, if it makes sense for your situation. "Click here to buy the book at a discount for a limited time." This book was written out of the Author's frustration with the "fuzzy" math and lack of detail that come from books like Stop Sitting On Your Assets and Missed.
#1 bestselling book "Stop Sitting On Your Assets" author, Marian Snow, gives an intro for financial pros on how the real estate and retirement. To record the disposal of an asset in the accounting books, a business should take the following four steps to be in accordance with the fixed assets write-off tax treatment requirements: Transfer.
"What's Wrong With Stop Sitting On Your Assets?" Book Review of SSOYA. The Sales Pitch. Ignoring the Tax Code "Fuzzy" Math. Flaws with IRA Rescue. A "Zero Rate of Return" Debunking the Magical "S.A.F.E.T.Y. Fund" Why Books like SSOYA are Really Sold.
Equity Most of the general public sees books on bookshelves at Barnes and Noble and think. This book, as well as Stop Sitting On Your Assets, is being used as a sales tool by life insurance agents, financial planners, and mortgage brokers -- who are unaware that the book uses "fuzzy" math to reach its conclusions.
"Fuzzy" math coupled with a total lack of attention to the tax code renders the book. “Finding The Money To Pay For College” “Stop Sitting On Your Assets” Wealth® advisor who provided you with this book. To increase your Accumulated Money, you’re usually advised to find better investments that pay a higher rate-of-return.
But, as stated earlier. "Want to Pay Off Your Mortgage 15 Years Early?" Want to learn the Opposite of Equity Harvesting. If so, click here to learn how to pay off your home mortgage + years early using the Home Equity Acceleration Plan (H.E.A.P). Ignoring The Tax Code.
2) SSOYA ignores the realities of the Internal Revenue Code (IRC).Readers will unfortunately take from SSOYA that the interest on the loan when. Stop sitting on your assets: how to safely leverage the equity trapped in your home and transform it into a constant flow of wealth and security. [Marian Snow] Home.
WorldCat Home About WorldCat Help. Search. Search Book\/a>, schema:CreativeWork\/a> ; \u00A0\u00A0\u00A0 library. A fully depreciated asset may have a book value of zero or a salvage value of, say, $1, but the company might get more if it sold the asset.
Assets Still In Use A business isn't required to get rid of an asset just because it reaches the end of its useful life -- that is, when it has been fully depreciated. Going to jail or prison doesn’t make your financial obligations go away.
Even if you are serving time, you may still have bills that need to be paid. When you are incarcerated, you will not have the same access to your bank account, and that can make taking care of various financial obligations difficult. In the best case scenario, you will.
An accounting balance sheet provides a snapshot view of a company's overall financial picture at a specific moment of time. But if the balance sheet is not completed properly, due to a transaction being recorded incorrectly, then the entire balance sheet will give an erroneous financial picture.
To remove assets from a fixed asset list, the company must sell or dispose of the item. Companies will often declare a salvage value for each asset. In some cases, the value can be zero. A company can sell the asset and then remove the item from the company’s asset account. Search the world's most comprehensive index of full-text books.
My library. A liability is a a legally binding obligation payable to another entity. Liabilities are a component of the accounting equation, where liabilities plus equity equals the assets appearing on an organization's balance sheet.
Examples of liabilities are: For all of these sample liabilities, a company records a credit balance in a liability account.Written by an elder law attorney with over 25 years of experience, this book will help anyone with a family member faced with a long-term stay in a nursing home who wishes to preserve at least some of their assets by qualifying for the Medicaid program/5.Sitting less can be a challenge — especially if you have a desk job — but it's so important to your health to sit less and move more.
According to the Mayo Clinic, 50 to 70 percent of people spend six or more hours sitting per day, and 20 to 35 percent spend four or more hours a day watching TV.