answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: A plant asset's useful life might not be the same as its productive life?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The process of allocating the cost of plant assets to expense over their useful lives is called-?

Depreciation


Why plant assets needs to be depreciated?

Plant assets only have a limited usage and in order to calculate the life of an asset, you must depreciate the asset according to it's useful life minus salvage value.


What is revaluation of plant assets?

A plant asset is an asset such as land, buildings, and machinery that will be useful for more than one year and is used to help produce revenues for a business. Plant assets are also known as fixed assets. Revaluation of plant/fixed assets is the process of increasing or decreasing their carrying value in the event of major changes in the fair market value of the assets.


What parts of the plant are productive?

Plant parts containing storage tissue are productive


The useful life of a plant asset is determined by law or by accounting rules or the length of time it is productively used or its productive life but not to exceed one year?

law


What is the main distinction between inventory and plant assets?

In accounting, inventory is considered a "for sale" asset, plant assets are not.


What does an ammonia plant mean in dream interpretation?

Assuming this "plant" is a factory, not a growing green plant... Ammonia is useful as a strong cleaner, but a plant/factory feels overwhelming and potentially toxic, which is exactly what ammonia fumes can be. So this dream might be a message from your mind, telling you that even though what you are doing might be useful, you are overdoing it. Too much of a good thing can be very harmful, indeed.


Cooper Tire Rubber Company most productive plant?

The Tupelo,MS. plant is the most productive and non-union so much more proftable 70% of north American profit from tupelo plant


Male productive structure of a plant?

The male productive structure of a plant is the stamen. It consists of an anther, which produces pollen, and a filament, which supports the anther. The pollen contains the plant's sperm cells and is necessary for pollination and fertilization.


What is the real asset?

Plant Assets are included in this.


Is plant asset and current assets the same?

NO


Why do assets lose value?

Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets