acquired building defition
“Property in the possession of, or directly acquired by, the Government and subsequently furnished to the contractor for performance of a contract. Government furnished property includes, but is not limited to, spares and property furnished for repairs, maintenance, overhaul, or modification. Full Definition of HERITAGE. 1. : property that descends to an heir. 2. a: something transmitted by or acquired from a predecessor: legacy, inheritance b: tradition. 3. See heritage defined for English-language learners. See heritage defined for kids. Government furnished property also includes contractor acquired property if the contractor acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract.” Reference: Federal Acquisition Regulation Part 45.101. POLICY DOCUMENTS AND GUIDES. Reissues DoDD 4140.1. Establishes policy, assigns responsibilities and prescribes procedures for management of materiel across the DoD supply chain including materiel in the possession of contractors. Full Definition of HERITAGE. 1. : property that descends to an heir. 2. a: something transmitted by or acquired from a predecessor: legacy, inheritance b: tradition. Full Definition of HERITAGE. 1. : property that descends to an heir. 2. a: something transmitted by or acquired from a predecessor: legacy, inheritance b: tradition. 3. See heritage defined for English-language learners. See heritage defined for kids. ADVERTISEMENT. DEFINITION of 'Historical Cost'. A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. The historical-cost method is used for assets in the U.S. under generally accepted accounting principals (GAAP). A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. The historical-cost method is used for assets in the U.S. under generally accepted accounting principals (GAAP). A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. The historical-cost method is used for assets in the U.S. under generally accepted accounting principals (GAAP). Next Up.
A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company