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EXPANSION OF FIXED ASSETS FOR A CREDIT UNION In most instances the Department of Banking and Finance (Department) allows the credit union to invest in equipment to the extent necessary to conduct
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Expansion of fixed assets refers to the increase in the value or quantity of fixed assets owned by a company, such as property, equipment, or machinery.
Companies or individuals who have experienced an increase in the value or quantity of fixed assets are required to file expansion of fixed assets.
Expansion of fixed assets is typically filled out by providing details of the new assets acquired, the original cost, current value, and other relevant information.
The purpose of expansion of fixed assets is to track the growth and changes in a company's fixed assets over time, providing insight into the company's investment decisions and financial health.
Information such as the description of new assets, date of acquisition, original cost, current value, depreciation, and any other relevant details must be reported on expansion of fixed assets.
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