0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Schedule of sale of SM baguio city?
Schedule of sale of sm bafuio
What is the Kikuyu word for the English word sale?
The Kikuyu word for the English word sale is kuuza.
Are there fireworks for sale at tescos?
not at this present moment
Does Home Depot sale Butane Gas?
No
Where can one find GPS cases for sale?
One may find GPS cases for sale at The GPS Store, Best Buy and Overstock. Many other popular sites such as Amazon, eBay, Future Shop and The Source will also have GPS cases for sale.
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What balance sheet accounts are affected by the sale of an asset?
Sale of assets reduces the asset account as well as accumulated depreciation account while increases the cash or bank account
What is sale of fixed assets?
Fixed assets are the assets of business concern. The value of these assets, except land, gets depreciated year by year and the allowance of such depreciation is availed for tax exemption purposes on a regular basis. When such the assets are sold for a consideration, it is called the "sale of fixed assets" and the gain / loss on sale of such assets is assessed based on the written down value as on the date of such transaction.
What is recoupment on sale of fixed assets?
annual provision made for the replacement of assets
Are there any US islands for sale?
Small islands within the US are up for sale very frequently.
What are proceeds from disposal of assets?
Proceeds from disposal of assets is equal to = Total cost of disposed assets- Accumulated depreciation related to assets disposed+ Profit on sale of fixed assets
Can you take a loss on a sale of a business asset?
Yes loss on sale of business assets is a normal things and mostly for obsolete business assets are sold on loss.
Why land is called fixed asset?
fixed assets are those assets which are not intended to sale. If we sell those assets then our business will not survive.
Where can you find islands for sale?
There are islands that are for sale or for rent on a few different websites. One could try the websites of Private Islands Online, Vladi Private Islands, or Caribbean Island Brokers.
What is sales of asset?
Fixed assets are the assets of business concern. The value of these assets, except land, gets depreciated year by year and the allowance of such depreciation is availed for tax exemption purposes on a regular basis. When such the assets are sold for a consideration, it is called the "sale of fixed assets" and the gain / loss on sale of such assets is assessed based on the written down value as on the date of such transaction.
A entity's current ratio will be influenced by?
By the entitys assets and liabilities. An increase in assets or a decrease in laibilities will result in a higher ratio (which good), a decrease in assets or an increase of liabilities will lower the rato. Changes in assets are things such as buying more inventory, purchasing equipment, making a sale to cash or A/R, etc. Increased liability include increasing A/P, or receiving cash from a bank loan.
What is the main distinction between inventory and plant assets?
In accounting, inventory is considered a "for sale" asset, plant assets are not.
