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The question is a bit confusing, however if you mean "a" shed, as in used for storage or even some companies purchase sheds to use as an office building, then YES it is a Fixed Asset.
A fixed asset (also known as Long-Term Asset or Property, Plant, & Equipment [PP&E] are used in accounting for assets or property that can not be easily converted to cash.
Unlike Current assets such as Cash, Merchandise, Accounts Receivable, which usually can be converted into cash rather quickly.
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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
Is a desk a fixed asset or a current asset?
A fixed asset.
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
Is cafe a current asset or fixed asset?
Current asset.
Is a car a current asset?
no, it is a fixed asset..
Double entry for Purchase fixed asset?
dr fixed asset cr bank
