Amortization of Deferred Charges refers to the procedure that allocates the cost of intangible assets to accounting periods, similar to how depreciation handles tangible assets. This concept is especially relevant for costs incurred to arrange loans and leases, which are typically written off over the term of the agreement.
A term used to describe the physical property and infrastructure of a business or organization, as opposed to its intangible assets or online presence.
Going Concern Value represents the entire value of a business, including not just its tangible assets if liquidated, but also the additional premium it commands for being an ongoing, unified organization with operational business components like customers, existing workforce, market share, and established credit lines.
Goodwill is an intangible business asset representing the value derived from customer and supplier relationships, brand recognition, and other non-physical factors that add to the company's value. It is differentiated from tangible assets and is not subject to ad valorem taxes in most jurisdictions.
Hereditaments encompass any property, whether real or personal, tangible or intangible, that may be inherited.
