FB Valuation of Motor Vehicle of Any Kind
Cases:
-motor vehicle PURCHASED by employer in the NAME of
employee
-CASH for the purchase provided by the employer
(ownership to the employee)
-PURCHASE ON INSTALLMENT basis by employer in name
of employee (ownership to the employee)
-portion of purchase price shouldered by employer
(ownership to the employee)
-fleet of motor vehicles OWNED AND MAINTAINED by
employer for use of business and employees
-fleet of motor vehicles LEASED by employer
-yacht OWNED or LEASED by employer
Valuation:
VaBe = acquisition cost
MoVa = 100% of VaBe (entire value)
VaBe = amount of cash received
MoVa = 100% of VaBe (entire value)
VaBe = acquisition cost exclusive of interest/5 years
MoVa = 100% of VaBe (entire value)
VaBe = amount shouldered by the employer
MoVa = 100% of VaBe (entire value)
VaBe = acquisition cost/5 years
(N! acquisition cost are for vehicles only that are not
normally use for sale, freight, delivery service and non-
personal use)
MoVa = 50% of VaBe
VaBe = amount of rental payments
MoVa = 50% of VaBe
VaBe = acquisition cost/20 years est. useful life of yacht
MoVa = 100% of VaBe