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Yes but they have to have permission old enough and the job has to be offered from you and the person to work out a money deal.
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∙ 12y 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.
Is a certificate of deposit a current or fixed asset?
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
What is the entry when asset is purchased and written off for the same?
[Debit] New Asset [Debit] Accumulated-Depreciation old asset [Credit] Cash (if any) [Credit] Old Asset
Human resource management is a asset or liability?
An organizations greatest asset is its employees, Human Resource Management (HRM) is involved in the hiring, development, training, and retention of employees. Thus, I see HRM as an asset when appropriately functioning in the most proficient, efficient, and productive way.
Does the computer come with asset management software?
Most new computers do not come with asset management software. Asset management software must be purchased separately.
Is common stock an asset or liability?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Is common stock a current asset?
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Do you include warranty charges on the initial cost of a fixed asset?
Include the cost of extended maintenance/warranty contracts in the asset valuation if the contract is purchased at the same time (or soon thereafter) as the capital asset. Depreciate these contracts over the useful life of the asset not the the contract life. Do not capitalize payments for contracts not purchased at the same time as the capital asset.
How do you account for an asset at the end of the year that you have purchased in cash but is still in court's custody and not in your company's custody?
The determining factor is the ownership, not the custody of the asset. You account for it as an asset in your books.
Is software considered a fixed asset?
if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.
What will increase one asset and decrease another asset with no effect on liability or owner s equity?
Purchase an asset on cash will increase the purchased asset while reduce the cash amount and no impact on liability or equity section.
Is an unpaid invoice for stock purchased an asset?
Until it's paid it's a liability.
