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Q: How would you determine whether an asset is current asset or a current asset?
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How would you determine whether an asset is current asset or noncurrent asset?

I am taking a course in Accounting, and I was taught that an asset is current if it will be used up within one year. Long-term assets are those that last over 12 months.


Is temporary investments considered an asset?

Yes... technically it would be a Current Asset.


Is a 5 Year Certificate of Deposit a Fixed Asset?

No. As long as it can be cashed in at any time, it is still liquid and therefore a current asset. If it cannot be cashed in before maturity, it would be classified as Other Non-Current Assets.


Who determines whether you have a disability?

Your physician would be the best person to determine whether you have a disability.


Describe an experiment that would you to determine whether the deep purple portion of the leaf is photosynthesizing?

"Describe an experiment that would you to determine whether the deep purple portion of the leaf is photosynthesizing?"


What does replacement cost theory means?

Replacement cost theory means the amount it would cost to replace an asset at current prices. If the cost of replacing an asset in its current physical condition is lower than the cost of replacing the asset so as to obtain the level of services enjoyed when the asset was bought, then the asset is in poor condition and the firm would probably not want to replace it...In short the theory basically argues that old companies should be valued on the basis of the amount of money which would be required to create another such company...


Is unearned revenue considered an asset?

No it is a current liability and is not included in the Income Statement, as other revenues would be.


What is the principle of sovereignty?

settlers would determine whether a territory would have slavery.


A patient exhibits a boil on his neck what is the procedure to identify and determine whether the causative organism is pathogenic?

A biopsy would be the procedure that would identify and determine whether the causative organism is pathogenic.


Is accounts receivable classified as a liabilities and equity on a balance sheet?

Account receivable is that part of sales which are done on credit so if company received cash at the time of sales that would be asset as well so it is the amount which is receivable in future so it is current asset of company.


Which of these would be most likely to determine whether or not the deposit would be mined?

whether the cost of mining will be less than the value of the mineral


What is implied by network assets?

An "asset" is any resource that you have or own, which would include equipment, software, connections, etc. An asset evaluation is usually done to determine vulnerabilities in an enterprise and to develop a threat matrix.