In accounting the "installation" if you are referring to the cost of having something installed is an expense and is recorded as such, that is an operating expense and is recorded as such. Since it is an expense it is not an actual asset, so can not be depreciated.
Fixed assets depreciate because through depreciation process cost of fixed asset charged to all those fiscal years in which that fixed asset is used.
fixed asset does not mean that the value of asset no decrease in future it,s for sure, that,s why we depreciate it annually.....
Land is the only fixed asset which has no depreciation charge because land does not depreciate it's value.
yes
A fixed asset tracking software is to track all of your fixed assets for the purpose of theft deterrence, preventive maintenance and financial accounting.
Fixed assets management is an accounting process that helps track fixed assests for financial accounting, preventative maintenance and to prevent theft.
see the site. http://ccba.jsu.edu/accounting/BADDEBTS.HTML
It as a Fixed Asset if it is not for resale purposes and is used for more than 1 accounting period. But it might not be recorded in the B.S as a Fixed asset if the company feel that the figure is immaterial enough to be recorded. (It does not affect decisions of stakeholders).
We noted that some of the fixed asset accounted for tools-water expenses accounts. details are given below.
Cost of fixed assets includes the cost of asset as well as all costs which are incurred to bring asset to working condition like carriage and installation cost as well.
Accumulated depreciation is contra account to fixed asset to show how much amount of depreciation is charged till date from date of purchase and it is shown in balance sheet in liabilities side or as a deduction from fixed asset in asset side.
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset