Balancing Charge

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Balancing Charge

The amount by which the sale price of an asset exceeds its written-down value. The written-down value is considered the actual value of the asset for tax purposes. As a result, a balancing charge is considered profit and is taxable.
References in periodicals archive ?
Consumers also are encouraged to ask detailed questions about Gas Cost, Balancing Charges, Monthly Minimums, Minimum Contract Terms and Exit Fees as well as contract renewal terms when considering offers from gas marketers.
The Muller Wiseman Formula Price follows the same approach and unlike prices offered by competitors, it is not then eroded by deductions like member contributions, capital levies, balancing charges or haulage charges.
Customers will be reimbursed by Firestone up to $100 per tire, including taxes, mounting and balancing charges.
Of extra or hidden charges such as balancing charges, nomination chargers, service feeds, and onerous late payment charges.
If customers are not 100 percent satisfied with their purchase, they can bring their MICHELIN replacement tires back to the point of purchase within 30 days for a no-cost exchange, including all mounting and balancing charges, no questions asked.
Bridgestone/Firestone will reimburse consumers up to $100 per tire including applicable mounting and balancing charges and taxes.
In an extension of a program previously set to expire August 16, if customers desire, they may purchase a competitors' tires from any tire retailer and be eligible for reimbursement up to $100 per tire, including mounting and balancing charges and taxes.
Now consumers may purchase Michelin tires from any authorized Michelin tire retailer and Bridgestone/Firestone will reimburse up to $100 per tire, including mounting and balancing charges and taxes.
As a result, customers may purchase a competitor's tires from any tire retailer and be eligible for reimbursement up to $100 per tire, including mounting and balancing charges and taxes.
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