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Q: insurance in accounting ( No Answer,   1 Comment )
Question  
Subject: insurance in accounting
Category: Reference, Education and News
Asked by: soliteparagon-ga
List Price: $50.00
Posted: 30 Apr 2004 20:47 PDT
Expires: 30 May 2004 20:47 PDT
Question ID: 339235
What are insurable goods and how are they beneficial to accountants
and accounting proffession?
Answer  
There is no answer at this time.

Comments  
Subject: Re: insurance in accounting
From: neilzero-ga on 01 May 2004 12:12 PDT
 
Things like desks,computers, buildings and inventory can generally be
ensured. The insured value is one of the clues accountants use to
determine the total value of the assets. Some things can not be
insured, or more corectly the insurance cost is excessive. If an item
is not ensured, the accoutant may have to work hard to determine a
fair value for something like goodwill. If this isn't the answer you
were looking for please clarify.  Neil

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