Your company's assets and liabilities are reported on its balance sheet. Assets go on one side of the sheet, liabilities on the other. The difference between them is the owners' equity in the company -- what the owners would take away if they sold all those assets and paid off all those debts.
Key Points. For all residential premises, whether houses or flats, a landlord may, depending on the circumstances, be liable to be prosecuted if anyone such as a tenant, resident, workman or visitor, is put at risk of being exposed to asbestos or is actually exposed to it.
The OSHA Construction Standard (29 CFR 1926.1101) classifies disturbance, removal, or demolition of structures with ACM sink undercoat black mastic as Class II asbestos work which requires specialized training, engineering controls, etc. We recommend that these materials be removed by a licensed abatement contractor confirming that they do not cut, sand, grind or abrade the approximate 6 square feet of sink undercoat black mastic.