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ASSET INFORMATION - DEPENDENT All values provided should record asset information as of the date of

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The document is a form for reporting asset information required for the completion of the 2012-2013 FAFSA. It collects financial details from both students and parents, including balances of cash, savings, checking accounts, net worth of investments (excluding the family home), and business or investment farm values. The form includes instructions on how to report these values accurately and must be signed by both the student and parent before submission to The College of New Jersey's Office of Student Financial Assistance.

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How are information assets valued?

In the case of information, benefits generally arise from use rather than exchange. In most cases, there are no buyers of the information, so its value in exchange is zero. Using this method, the asset is valued based on how much was originally paid to acquire the asset (purchase price or development cost).

When should an asset be classified as a current asset?

Current assets are any asset a company can convert to cash within a short time, usually one year. These assets are listed in the Current Assets account on a publicly traded companys balance sheet.

How to value data as an asset?

The revenue approach can value data, when we can observe or model how a firm profits from data. The value of the data should be the present discounted value of the revenue it generates, adjusted for risk.

What is the acquisition date of an asset?

The acquisition date is the date on which the acquirer obtains control of the acquiree, which is generally the date on which the acquirer legally transfers the consideration, acquires the assets and assumes the liabilities of the acquiree the closing date.

How do you calculate the value of information?

Value of information is calculated by taking data gathered to make a decision and deciding the financial benefit of either acting on that information or not. For instance, if someone is suffering from a persistent headache, they can choose to go to a medical professional to diagnose what might be the cause.

What is the criterion for assets to be reported as current assets?

Resources that are readily available for conversion to cash, or to be used within one year/single operating cycle, are viewed as current assets. They are listed at the top of a companys balance sheet, in order of their liquidity.

What is the rule of current assets?

Current assets are assets a business expects to convert into cash or use up within a year. Current assets (also called short-term assets) are assets a business uses, replaces and/or converts to cash within a normal operating cycle (typically less than 12 months).

Where is the list of information assets usually recorded?

Information asset register. You have an asset register that records assets, systems and applications used for processing or storing personal data across the organisation.

How do you determine the value of an asset?

The cost method is the simplest form of asset-based valuation. Using the cost method of asset valuation, assets are valued with their purchase cost at their base. The valuer does not need to do any of the calculations to arrive at this value, and the current value of the asset is its value at the purchase price.

What criteria must an asset meet to be classified as current?

A current asset, or liquid asset, is any resource a company can convert to cash within a year. This includes cash, accounts receivable, and inventory.

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