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A fixed assets is any item that can stay or remain in the business for a longer period i.e. 1year and in most case they are not meant for resale. when you buy a chair to use in the business it is not meant for sale. Furniture is a fixed asset.
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∙ 12y ago
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Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
Where you create ledger furniture in Tally?
Under Ledger : Furnitures & Fixture under : Fixed Asset
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
What is furniture it is asset liabilities or capital?
Furniture can be considered as a capital asset for businesses or individuals. It is a tangible asset that is used for productive purposes, such as providing seating or storage. However, if furniture is purchased through borrowed funds, it may also create a liability in the form of debt that needs to be repaid.
Is good is a fictitious asset or fixed asset?
fixed
Is fixed asset a current asset?
fixed deposit is an assets
Is car a fixed asset or current asset?
fixed assest
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
