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A rented building is not an asset.
The lease hold improvements may be a depreciating asset (depending on the definitions in your area)
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∙ 14y ago
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Is building an asset?
It is depend on the nature of transaction, if building is acquire on rent then building is not an asset if building is purchased then it is fixed asset.
Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
Is the cost of a building a fixed asset?
Capital Expenditure.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
Is one of the fixed asset accounts from Office Equipment Land Delivery Equipment or Building will not have a related contra asset account?
LAND
Is good is a fictitious asset or fixed asset?
fixed
Is Premises a tangible fixed assets?
Yes premises is a tangible fixed asset because you can physically ensure the existence of premises like building etc and intangible assets are those assets which cannot be check physically.
Is fixed asset a current asset?
fixed deposit is an assets
Is car a fixed asset or current asset?
fixed assest
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
