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What's the difference between 'Property Plant and Equipment' PPE and 'Furniture Fixtures and Equipment' FFE?
Wiki User
∙ 10y ago
Property, Plant, and Equipment (PPE) are items that are vital to a business operation. Usually these assets cannot be liquidated quickly.
Such items would be the property the building is on, the building, and machinery used in production.
Furniture, fixtures, and Equipment (FFE) are things that are not attached to the building. Examples of such items are desks, lighting fixtures, and computers.
Wiki User
∙ 10y ago
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Is furniture and fixture is immovable property?
Furniture is movable. Most fixtures are immovable, but check with the agent what is to be left in a property you are taking over.
If your house is repossessed do you keep its contents?
You get to keep all of the contents which do not fall into what is commonly known as "fixtures." Furniture, furnishings and personal property are not fixtures, therefore you may keep them. Anything which is affixed to the house itself stays. Things like chandeliers, ceiling fans and wall-to-wall carpeting are part of the house and should stay; although frequently, many people remove items like that as they leave and nothing is really done by the repossessing party. The difference between fixtures and non-fixtures is not always very clear.
What is the difference between real estate and real property?
Real Estate and Real Property are one in the same. All "REAL" is Land & fixtures attached to the land. All other property would be considered...Personal.
Is fixtures is current or non-current asset?
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
Does the personal property of the child goes with that child when the primary custodial parent dies?
You haven't provided enough detail. Generally, although children do not generally have property rights, the adults in the situation should make certain the child's property goes with them such as their computer, clothing, electronic devices, bikes, sports equipment, bedroom furniture, etc.You haven't provided enough detail. Generally, although children do not generally have property rights, the adults in the situation should make certain the child's property goes with them such as their computer, clothing, electronic devices, bikes, sports equipment, bedroom furniture, etc.You haven't provided enough detail. Generally, although children do not generally have property rights, the adults in the situation should make certain the child's property goes with them such as their computer, clothing, electronic devices, bikes, sports equipment, bedroom furniture, etc.You haven't provided enough detail. Generally, although children do not generally have property rights, the adults in the situation should make certain the child's property goes with them such as their computer, clothing, electronic devices, bikes, sports equipment, bedroom furniture, etc.
Can Personal property become real property by attaching it to real property?
Yes. Anything that is permanently attached to real property becomes a part of it. That includes any building or other structure. That also includes fixtures that are permanently affixed to the structures such as bathroom fixtures, kitchen cabinets, permanently wired in light fixtures, ceiling fans, heating units, hot water heaters, etc.
Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
What can you take before foreclosure sale?
You can take your personal property, anything that is not attached to the real estate such as furniture, area rugs, tools, portable air conditioners, phones, computers, appliances that are not built-ins, etc. Of course you may take all your personal property such as your kitchenware, clothes, TVs, tools, furniture, plug in lamps, etc. You may not take built in appliances or bookcases, installed floor coverings, window shades, plumbing fixtures, light fixtures, towel bars, kitchen cabinets, awnings, permanently affixed air conditioning units, etc. This list is open to modifications.
What are tangible property rights of the organization?
Furniture
Is property and equipment credit or debit?
property and equipment should be debited if they increases because both are assets
What is appurtenant fixtures?
Appurtenant property is the remaining property of the whole lot that was sold to other buyer. It is also called as servient state in Latin word.
How do you define furniture?
Furniture is any movable property such as tables, chairs, beds, and desks for use in buildings.
