Topic:"Depreciation Amortization" in M12241

Revenue recognition The Corporation follows the deferral method of accounting for revenue. Restricted fee-for-service or contribution revenue is recognized as revenue within the appropriate fund in the year in which the related expenses ar...

AI summary The Corporation uses the deferral method for revenue recognition, with restricted fee-for-service revenue recognized when expenses are incurred. Restricted contributions for capital assets align with amortization, while endowment contributions affect net assets. HCi3 investment income is allocated to the Other Business Fund based on restrictions, with other income directly impacting net assets.

Capital assets Capital assets are initially recorded at cost. Amortization is provided for using the following rates and method over their estimated useful lives: Furniture and fixtures 3 years Straight-line Leasehold improvements Term of...

AI summary Capital assets are recorded at initial cost with amortization applied using straight-line methods over estimated useful lives. Furniture/fixtures: 3 years; leasehold improvements: term of lease. No specific entities or legislation cited in this accounting policy excerpt.

GL Account GL Account Description Financial Statement Grouping GL Balance 4000 DSM Revenue Revenue 64,859 4140 Recognition/(Deferral) of Revenue Revenue - 4500 Interest - Business Investment Account Revenue 885 Subtotal - Revenue 65,744 50...

AI summary The document details a financial breakdown of the Cost Allocation Methodology (CAM), including DSM revenue, incentive programs, evaluation costs, program support, amortization, IT expenses, and marketing. It categorizes GL accounts with balances related to revenue, incentives, and operational costs under Nova Scotia's utility regulatory framework.

General Index of Financial Information Notes to the financial statements projects to mitigate climate impacts. Loans receivable are funded by endowments from FCM and the Province of Nova Scotia. During the year, HCi3 issued a loan receivab...

AI summary The document outlines financial details including a loan receivable issued by HCi3, capital assets, bank indebtedness, deferred revenue, contingencies, and commitments. It highlights financing arrangements for BNI customers and estimated program commitments. Key financial figures and liabilities are discussed.

Capital Cost Allowance (CCA) Corporation's name Business no Tax year-end Class number Description Undepreciated capital cost (UCC) at the beginning of the year Cost of acquisitions during the year (new property must be available for use) N...

AI summary The text presents a table detailing the Capital Cost Allowance (CCA) for various asset classes, including furniture, fixtures, computer hardware, and leasehold improvements, with columns showing undepreciated capital costs, acquisitions, adjustments, and proceeds from dispositions.

Part 2 – CCA calculation (continued) Note 8: Include all amounts you have repaid during the year for any legally required repayment, made after the disposition of a corresponding property, of: - assistance that would have otherwise increas...

AI summary This section outlines requirements for including repaid amounts and UCC values in CCA calculations, specifically for properties acquired via corporate reorganizations (e.g., 'butterfly reorganization') or non-arm's length transactions, referencing specific legislative paragraphs.

Deferred tax debit balance at the end of the year Any deficit deducted in calculating its shareholders' equity (including, for this purpose, the amount of any provision for the redemption of preferred shares) at the end of the year To the...

AI summary The text outlines various accounting and financial considerations, including deferred tax balances, unrealized foreign exchange losses, and capital calculations. It also discusses investment allowances and the carrying value of different types of assets and liabilities.

2. SIGNIFICANT ACCOUNTING POLICIES

AI summary The section outlines significant accounting policies relevant to Nova Scotia Power Inc.'s regulatory proceedings, including references to GAAS, IFRS, and specific tax forms. It highlights policies related to cost allocation, depreciation, and tax compliance.

Investments Investments are primarily in pooled funds and stated at fair value on a trade date basis. The change in fair value is reflected as direct increases or decreases to net assets. Pooled fund investments are valued at the unit valu...

AI summary Investments are primarily in pooled funds valued at fair value based on trade dates, with changes in fair value directly affecting net assets. Pooled fund values are determined by administrators using market prices, while private equity investments are measured at amortized cost.