Real properties are classified into two categories. What are they?

Q: What assets are normally included as estate properties?

A: Probate laws: After the death of a decedent, in order to seek the problems of how his property…

Q: What are the distinguishing characteristics between REIT data and the NCREIF Property Index?

A: NCREIF property index helps in measuring the performance of the investment made in real estate with…

Q: What are the 4 main areas of asset specificity?

A: Four areas of assets specificity are as follows: Site specificity Physical asset specificity Human…

Q: What is the Total noncurrent assets?

A: Required  What is the Total noncurrent assets

Q: Give an Examples of Leasehold Estates?

A: The question is based on the concept of lease, which is consider as special type of time bond…

Q: Explain the term Land Contracts?

A: Land contracts: A land contract is an arrangement of vendor financing. It is alike to a loan, but…

Q: Which of the following assets should be a. land.

A: Amortization is an accounting practice that lowers the book value of an intangible asset over a…

Q: Define the term an identical asset?

A: An identical asset is the group of similar assets which are individually not distinguishable and can…

Q: Which are Some underlying facts regarding the real estate industry?

A: Real estate industry comprises of activities such as development, appraisal, constructing,…

Q: Explain the meaning of Estate.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What Are Intangible Assets?

A: Intangible assets form a part of the non-current assets of the company.

Q: What is asset

A: Assets are those items that provide value for money and future economic benefit for an organization.…

Q: Define Long term assets and Short term assets? What are the differences between the two?

A: Long-term assets:Long-term assets are non-current assets that can benefit for several years.…

Q: What are the two types of claims against assets?

A: Asset is a resource from which the company expected to generate future economic cash flows which can…

Q: What are Fixed assets?

A: The assets are classified as current assets and fixed assets. The current assets are the assets…

Q: In what way do current assets and fixed assets differ from each other?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: What is a contra-asset? Give an example of one.

A:

Q: Describe an asset held for sale and state three conditions that must apply?

A: Asset held for sale::: It is  a current asset or disposal group to be classified as held for sale if…

Q: What is the Total assets?

A: Computation of Adjusted  Assets  Particulars                                                Revised…

Q: Define a financial asset

A: A contractual financial instrument is classified into financial assets and liabilities. They are an…

Q: What is liquid asset?

A: A liquid asset can be described as the asset which can be sold into the market easily and can be…

Q: What are some examples of tangible and intangible assets?

A: Introduction:- Assets are mainly categories into two types based on the existence. these are as…

Q: the property factor, leased property is generally valued at

A: A lease is an agreement to use an asset of another party for a fixed period of time in exchange for…

Q: Define cost of land.

A: Land improvements: They are the improvements that are made to a plot of land to make it more usable.…

Q: What is the Characterization of the Land Development Business?

A: Land development : Land development is method of  transformation or developing the land into a…

Q: What is the difference between tangible and intangible assets?

A: Fixed Assets: Fixed assets are those assets which gives profit over a year of time. Whether it is…

Q: What are fictitious assets?

A: Fictitious assets: Asset formed by an accounting entry (and included under assets in the balance…

Q: Why does the so-called distressed property situation exist?

A: Distressed property refers to those which have value less than the market value. This situation…

Q: Under what conditions should financing be explicitly considered when estimating the value of a…

A: Before buying a property, estimating its value is necessary. Because only after estimating the value…

Q: Which one of the following is a current asset?

A: Current assets are all the assets of a company that are expected to be sold or used as a result of…

Q: What are the three principal types of REITs?

A: The question is based on the concept of Real Estate Investment trust (REIT). They are an investment…

Q: What is the difference between real property and personal property?

A: Real property can be described as a property in which the things are attached to the land.Because it…

Q: Explain Depreciable Property?

A: Accordance with the IRS (internal revenue service) rule, any asset which is eligible for the…

Q: Which are Non residential properties?

A: Fixed assets are the long-term fixed assets purchased by the firm to increase the productivity of…

Q: What are the intangible assets? Give some examples?

A: Classification of Assets Assets can be classified in to three categories which are Fixed Assets,…

Q: WHAT IS ECONOMIC LIFE OF ASSET?

A: Asset refers to the useful resource of a business entity that is being owned by it that would help…

Q: What is different between land and land improvements?

A: The land is a fixed asset that does not depreciate just like other fixed assets.  Any improvement…

Q: Define the following:a. Asset

A: Definition of Assets is given below,

Q: which outlines major classifications used to identify and group different types of real estate

A: Real estate is the dealing of property and buildings for the purpose of residential, commercial and…