TopicVolunteer time sheets templates.
PostedSat, Aug 24th 2019 21:11 PM
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.
Always feel free to include other information which you think are relevant for the specific kind of datasheet that you are making. Remember that the details that we have listed are only basic information and are put together to serve as a simple reference. You have the jurisdiction on whether to add or remove any information as long as it will be useful for you and your stakeholders.