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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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Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
What is furniture it is asset liabilities or capital?
Furniture is the fixed asset of business which is utilized by business for more than one fiscal year and shown in balance sheet.
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.
Is good is a fictitious asset or fixed asset?
fixed
Is car a fixed asset or current asset?
fixed assest
Is fixed asset a current asset?
fixed deposit is an assets
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.
Is premises fixed asset?
yeah premises is a fixed asset..because it is a asset for a long period in a company.
How do you determine the useful life of a fixed asset?
useful life of fixed asset
