This form is an official California Judicial Council form which complies with all applicable state codes and statutes. USLF updates all state forms as is required by state statutes and law.
California Non-Cash Assets on Hand at Beginning of Account Period-Standard and Simplified Accounts 405PH2 are assets in the form of land, buildings, equipment, intellectual property, and other non-cash assets held by the company at the beginning of its fiscal year. Examples of non-cash assets include equipment, furniture, software, patents, copyrights, and goodwill. For Standard Accounts 405PH2, these assets are reported at their fair market value, which is the price an arm's length buyer would pay to acquire the asset. For Simplified Accounts 405PH2, the value of such assets is reported at the historical cost, which is the amount paid when the asset was purchased.California Non-Cash Assets on Hand at Beginning of Account Period-Standard and Simplified Accounts 405PH2 are assets in the form of land, buildings, equipment, intellectual property, and other non-cash assets held by the company at the beginning of its fiscal year. Examples of non-cash assets include equipment, furniture, software, patents, copyrights, and goodwill. For Standard Accounts 405PH2, these assets are reported at their fair market value, which is the price an arm's length buyer would pay to acquire the asset. For Simplified Accounts 405PH2, the value of such assets is reported at the historical cost, which is the amount paid when the asset was purchased.