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Are fittings and fixtures a cost or an expense?
It is an asset.
The periodic transfer of the cost of an intangible asset to expense?
amortization
The periodic transfer of the cost of an intangible asset to expense is referred to as?
depreciation
How does product cost become an asset and than an expense?
when units of inventory are sold
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
Are fittings and fixtures a cost or an expense?
It is an asset.
The periodic transfer of the cost of an intangible asset to expense?
amortization
The book value of an asset is the a market value of te asset b. portion of the asset's cost that has not yet been charged to expense c acquistion cost shown in the asset account less the estimated sa?
Option B is correct one and that is the portion of the asset;s cost that has not yet been charged to expense.
The periodic transfer of the cost of an intangible asset to expense is referred to as?
depreciation
In accounting do you depreciate the installation of a fixed asset?
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.
How does product cost become an asset and than an expense?
when units of inventory are sold
What is The term applied to the periodic transfer of a fixed asset's cost to expense is?
Depreciation
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
When do you expense an asset?
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
Painting of assets is an asset or expense?
If a custom paint scheme was applied when the asset was new (such as a company vehicle), you would add that painting cost to the capitalized cost of the asset. If the painting was done because the assets had been in use and needed freshening up, it would be considered maintenance expense.
Is cost of goods an asset or liability?
It's not really either. Cost if goods sold is an expense on the profit and loss.
Is utilities asset or expense?
Expense
