Difference between revisions of "Tangible Capital Asset"
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Revision as of 08:24, 2 October 2013
Tangible capital asset means an asset that has physical substance, more than minimal value, and is expected to be held by an enterprise for continued use or possession beyond the current accounting period for the service it yields.[1]
Links
CAS 404 - Capitalization of Tangible Assets
References and Links
- ↑ Volume 7, Section 9904.404-30 Definitions of Title 48 - Federal Acquisition Regulation, 10-1-2001