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The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).
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What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Leasehold Improvement fixed asset or intangible?
it is fixed assets.
What is an intangiblee fixed asset?
An intangible fixed asset is one that cannot be physically seen or touched. Goodwill or brand loyalty is an example. A firm like Coca-Cola would most likely include a quantification of their good will as an intangible fixed asset on their balance sheet.
Which one of the fixed asset accounts will not have a related contra asset account?
land
How do you remove a completely depreciated fixed asset from your fixed asset accounts?
Debit Accumulated Depreciation and Credit the Fixed Asset account for the capitalized value; however, if you still own the asset, you should not remove it.
Which one of the fixed asset accounts listed below will not have a related contra asset account?
land
Is accounts payable a fixed assets?
Accounts payable is not a fixed asset rather it is a liability for company and shown in liability side of balance sheet.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
Is Premises a tangible fixed assets?
Yes premises is a tangible fixed asset because you can physically ensure the existence of premises like building etc and intangible assets are those assets which cannot be check physically.
Software lieance is consider as fixed assets?
Software license is typically considered as an intangible asset rather than a fixed asset. This is because it does not have a physical substance and is not expected to provide long-term economic benefit. Intangible assets are recorded on the balance sheet separately from fixed assets, typically under the category of "intangible assets" or "other assets."
Which one of the fixed assets accounts will not have a related contra asset account?
land
Can An intangible asset be reported on a balance sheet?
All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.
