contra asset account. An asset account which is expected to have a credit balance (which is contrary to the normal debit balance of an asset account). The contra asset account is related to another asset account. For example, the contra asset account Allowance for Doubtful Accounts is related to Accounts Receivable.The contra asset account Accumulated Depreciation is related to a constructed asset(s), and the contra asset account Accumulated Depletion is related to natural resources.The net of the asset and its related contra asset account is referred to as the asset's book value or carrying value.he contra asset account is related to another asset account. For example, the contra asset account Allowance for Doubtful Accounts is related to Accounts Receivable.
plat which receives utility services unless the property is legally platted with a legal lot from a previous underlying. subdivision or is concurrently replatted. To replat the property, a new subdivision application must be filed (see. application packet #9) in addition to the vacation application.
Description: Contiguous property is any land adjoining the homestead, which is. held on a separate deed from the homestead and may be liquidated. separately. Property is considered to adjoin the homestead if the only. intervening real property is an easement or public right of way, such as. a street, road or utility.