Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is excluded from personal property tax? custom software off-the-shelf software leasehold improvements vehicles used for off-road purposes When assessing personal property

Which of the following is excluded from personal property tax?

custom software
off-the-shelf software
leasehold improvements
vehicles used for off-road purposes

When assessing personal property all factors listed below are considered except:

the original cost
The age of the asset
whether the asset has been sold
the current market value

A company can appeal a property valuation by doing all of the following except:

appeal to the Board of Equalization
contacting the assessor and telling him to change the valuation.
provide market evidence of property value

File a petition

Companies are required to keep records that include _______.

Asset name
Asset type
Asset cost
all of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Anne Britton, Christopher Waterston

3rd Edition

027365859X, 978-0273658597

More Books

Students also viewed these Accounting questions