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Q: Is Tangible property a capital asset?
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Is capital leases an intangible asset?

No, Capital lease is for tangible assets only so it is tangible assets. Capital lease is to acquire any assets for use in business so that asset is a visible thing so not intangible asset.


What is a definition of property?

Property is any tangible or intangible asset with specific owners.


Is livestock in case of mixed farming fixed asset or current asset or wasting asset or tangible asset?

Tangible asset


Is cash an intangible asset?

Cash is a tangible asset. Unlike something without tangible substance such as goodwill, cash is a hard or a tangible asset.


How do you classify tangible assets?

Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.


Are accounts receivable a capital assets?

No, capital assets are listed as PP&E (Property, Plant, & Equipment). An account receivable is either a current asset or a long-term asset, not a capital asset.


What Types of fixed asset?

1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset


How do you classify assets?

Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.


Is a prepaid asset considered an intangible asset?

No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tangible or Intangible.


Is a savings bank CD a tangible asset?

Yes, CDs are considered a tangible, personal asset of the individual that owns it.


Is goodwill a tangible asset?

goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .


Is goodwill tangible asset?

goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .