TopicTransmittal sheet form.
PostedMon, Jul 22nd 2019 09:22 AM
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.
Just like when developing an event cost analysis and other business documents, you can always change the standard sizing of any document that you will use to represent your business and its brand as long as it is lawful and is approved by bodies who will evaluate the quality and features of your products and other related materials.