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A capitalized asset will appear on the balance sheet as a long term asset True or False?
Wiki User
∙ 12y ago
true
Wiki User
∙ 12y ago
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How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Is merchandise inventory is a long-term asset on the balance sheet true or false?
False
Where does loss appear on the balance sheet?
Loss is shown in asset side of business as other asset because it has debit balance and reverse of profit which has credit balance.
Are commissions earned an asset?
Commisions may appear on a balance sheet as an asset in accounts receivable
When is the intangible asset goodwill capitalized?
Internally generated goodwill is never capitalized, purchased goodwill is capatalized on the consoilidated balance sheet.
Where does the fixed deposit appear in balance sheet?
Current asset
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
If a longlived asset is not used for a productive purpose should it be classified as an investment?
It should appear on the Balance Sheet as a Fixed Asset and depreciated accordingly.
Does equipment appear on balance sheet?
Yes equipment is an asset for business which is usable for more than one year for revenue generation that's hwy it is shown in balance sheet under asset side.
If a company uses the Section 179 rule to expense a fixed asset is it still reported as a fixed asset on the balance sheet?
No . If an assest is expensed it will only flow thru the PnL or Income Statement and not be recorded on the Balance sheet as an asset. That is generic treatment of expensing. In a capitalisation approach the asset will appear on the Balance sheet and annual depreciaiton expenses will be reflected on the PnL ( income statement). The Balance sheet will show the Accumulated depriciation on the liabilities side of the balance sheet and Net value ( ie Asset value less less depreciation amount) on the Asset side of the Balance sheet No . If an assest is expensed it will only flow thru the PnL or Income Statement and not be recorded on the Balance sheet as an asset. That is generic treatment of expensing. In a capitalisation approach the asset will appear on the Balance sheet and annual depreciaiton expenses will be reflected on the PnL ( income statement). The Balance sheet will show the Accumulated depriciation on the liabilities side of the balance sheet and Net value ( ie Asset value less less depreciation amount) on the Asset side of the Balance sheet
What is capitalized lease obligations?
Capitalized lease obligations refer to lease agreements where the lessee records the leased asset as a capital lease on their financial statements. This means the lessee treats the leased asset as if it were purchased with a loan, and includes the lease payments as both an asset and a liability on their balance sheet.
The Accumulated Depreciation's account balance is the sum of depreciation expense recorded in past periods true or false?
Yes. Accumulated depreciation is a contra asset account, which means it has an opposite balance from a normal asset account. It is used to reduce the balance whatever asset you are deprecating. When you total your assets on the balance sheet, you deduct the cost of Accumulated depreciation from your assets to get the true worth of your assets.
