0
What else can I help you with?
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
Is depriciation a fixed cost?
Yes depreciation is a fixed cost of business which is an allocation of fixed asset cost over period of asset life.
What is a fixed assets inventory?
fixed asset inventory means the inventory of all fixed assets in business used to generate revenue of business.
Is furniture a fixed asset?
A fixed assets is any item that can stay or remain in the business for a longer period i.e. 1year and in most case they are not meant for resale. when you buy a chair to use in the business it is not meant for sale. Furniture is a fixed asset.
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.
What is land in the form of a business?
In business, Land is known as fixed capital or asset as it is the source of income at that case.
Characteristic of a fixed asset is that it is?
A characteristic of a fixed asset is that it is used in the operation of a business. Examples of fixed assets include office equipment, computers, and machinery.
Is a bin a fixed asset?
A bin can be considered a fixed asset if it is used in a business for an extended period and is not intended for resale. Fixed assets are long-term tangible assets that a company uses in its operations to generate revenue. However, if the bin is part of inventory or intended for short-term use, it may not qualify as a fixed asset. Ultimately, the classification depends on its purpose and duration of use in the business.
What is the amount of the fixed asset?
Fixed assets are those assets which are available in business to generate economic revenue in business for more than one fiscal year.
Is the building the business owns a fixed asset?
Yes, the building that a business owns is considered a fixed asset. Fixed assets are long-term tangible assets that are used in the operations of a business and are not intended for sale. They typically include property, plant, and equipment, and the building's value is recorded on the balance sheet and depreciated over time.
What are the problems a business might face with fixed assets?
organization facing problem about fixed asset is that the working capacity of the fixed asset goes on decreasing only excluding the land, because the value of land always appreciated
