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Common Permits Prepared by:Cost Recovery Section of the Rent Stabilization Division, Housing + Community Investment Department01.20.2017Common Permits Building and Mechanical Permits are issued by

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What is cost recovery section of?

Cost recovery section is a part of financial statements where expenses related to acquiring or improving assets are recorded.

Who is required to file cost recovery section of?

Companies or individuals who have incurred costs for tangible property that must be recovered through depreciation or amortization.

How to fill out cost recovery section of?

Cost recovery section is filled out by listing the cost of the asset, the useful life of the asset, and the method used to recover the cost (such as straight-line or accelerated depreciation).

What is the purpose of cost recovery section of?

The purpose of cost recovery section is to accurately account for the cost of assets over their useful life and to allocate those costs as expenses in a systematic way.

What information must be reported on cost recovery section of?

Information such as the cost of the asset, the useful life of the asset, the method of depreciation or amortization used, and any changes to these factors during the reporting period.

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