capital asset


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Related to capital asset: Capital asset pricing model

Capital asset

A long-term asset, such as land or a building, not purchased or sold in the normal course of business.

Capital Asset

An asset that the owner intends to hold and derive benefits from for a period of more than one year. Capital assets include long-term investments such as land and major equipment. It is difficult to liquidate capital assets, and companies usually do so when they are extremely cash poor. They are intended to help produce a business' profits and are therefore usually necessary investments. For tax purposes, one represents the value of capital assets with the "property, plant, and equipment" figure.

capital asset

An asset that has an expected life of more than one year and that is not bought and sold in the usual course of business. Buildings and machinery are examples of capital assets.

capital asset

(1) All property held by a taxpayer except inventory or goods in process. (2) All property except that held for resale to others in the ordinary course of business.

Capital Asset

Broadly speaking, all assets are capital assets except those specifically excluded by the tax Code. Major categories of noncapital assets include property held for resale in the normal course of business (inventory), trade accounts and notes receivable, depreciable property, and real estate used in a trade or business.
References in periodicals archive ?
An asset tag should be placed on each capital asset after it is purchased.
Hiro's familiar with all of Eunice's methodologies and shares her penchant for attention to detail and thoroughness," said Charles Worth, Executive Vice-President and Co-Chief Investment Officer at Nippon Capital Asset Management J-LLC.
In Hort and Lake, the Supreme Court narrowed the definition of capital asset by establishing the "substitute for ordinary income" exception.
The court ruled that the lots in question were capital assets in the hands of the taxpayers.
Capital asset disclosures in footnotes should be presented by major classes of capital assets and divided into those associated with governmental activities and those associated with business activities.
Excess capital asset solutions are methods that organisations can employ to realise the maximum value of their idle or excess assets, according to EquipNet.
There is, paradoxically, no lender of last resort and no liquidity backup for income-producing capital assets.
Monti explained that Capital Asset Management is a comprehensive approach to facilities planning, whether the facility is a corporate office building, bridge, park, military base, transit property or an entire inventory of municipally-owned properties.
com)-- Osaka-based asset manager, Nippon Capital Asset Management J-LLC has appointed Eunice Liu to the position of division head for its soon-to-be-opened Shanghai office.
If it's a parcel of land with a building on top, it must be a capital asset.
For example, because a membership interest is a capital asset of the member, a sale of the capital asset would be expected to result in a gain or loss equal to the difference between the sales proceeds and the basis.
To recognize capital gains, however, the taxpayer must be able to prove the sale or exchange of a capital asset.

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