Explain and give examples on Valuation of Fringe benefits
* if granted in money, the value is the amount granted
* if granted in property and ownership is transferred to the employee, the value is the fair market value of the property.
* if granted in property but ownership is not transferred to the employee, the value is equal to the depreciation value of the property.
* if granted in money, the value is the amount granted
* if granted in property and ownership is transferred to the employee, the value is the fair market value of the property.
* if granted in property but ownership is not transferred to the employee, the value is equal to the depreciation value of the property.