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PostedThu, Aug 29th 2019 04:16 AM
A data sheet is basically a sheet or piece of document where you list down important and relevant data. In this case, data pertains to any form of information which is used in different fields of study such as science, business, medicine, academics, and public service, just to name few. All of the data will be incorporated in the data sheet.
When valuing your assets, it’s best to err on the side of caution. This means that if equipment depreciates, you should list what it could currently be sold for. A general rule of thumb when ascertaining assets is to choose either what you paid for it, or its current fair market value. You should choose fair market value for any equipment or working capital that may be a few years old, because it will not be worth as much as you paid for it. On the other hand, if you are counting real property as an asset, you will want to choose what it is currently assessed at, rather than what you paid for it. Real property values can grow over time. If you pay tax on your real property, then you will want to use what it is being assessed as.