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Fire protection equipment permanently attached to a building is a capital improvement (e.g., a commercial cooking hood with fire suppression).
A portable fire extinguisher is durable equipment accounted as a capital asset.
Testing, maintenance and refill of an extinguisher is an operating expense.
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∙ 11y ago
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What class of fixed asset does a fire extinguisher belong?
office equipment
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
Is utilities asset or expense?
Expense
Is warranty expense a current or non-current asset?
An expense is not an asset at all.
Is expense a asset or liability?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is rent expense an asset or liability?
Its an asset.
Is salary an expense?
Yes. No , Its not a Expense. Its an Asset.
How fire extinguisher is able to control fire?
A fire extinguisher is meant to extinguish a fire, or at least a portion of the fire within the fire extinguisher's capacity.
Diagram of fire extinguisher?
how does a fire extinguisher work
What fire extinguisher for electrical fire?
A Class C fire extinguisher.
