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Fixed asset is a financial term, that is, in comparison to current assets (money, bank accounts), fixed, which means it can't be easily converted to liquid assets.
Wiki User
∙ 10y ago
Wiki User
∙ 13y agoThat's equipment owned by your biz like delivery vans.
Wiki User
∙ 9y agofixed assets used in business for more than one fiscal year and that's why cost of fixed assets allocated to all those fiscal years.
Wiki User
∙ 11y agofixed assets are assets that their charges are not changed
Wiki User
∙ 10y agoFixed assets are those assets, benefits of which is to be taken by company for more than one fiscal year of business for example, land, building, machinery, etc
Wiki User
∙ 10y agoIntangible fixed assets are those fixed assets which don't have any physical existance and nobody can touch physically or see them like patents, goodwill etc.
Wiki User
∙ 10y agoFixed assets are the assets the benefits of which is to be taken by company for more than one fiscal year in future like land, building, plant & machinery etc.
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Is gross block current assets or fixed assets?
fixed assets
What are maturity of fixed assets?
maturity of fixed assets means the completion of useful life of fixed assets.
Fixed assets to current asset ratio?
fixed assets / current assets
Are fixed assets a liability?
Fixed assets are not liabilities, they are assets that can not be quickly liquidated (turned into cash). If the company goes under, fixed assets would be difficult assets to get cash for.
Fixed deposit is current asset or fixed asset?
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment (fixed deposite,dll).
Explain - fixed assets?
fixed assets are long term assets which have long term period
What costs can you include in a new fixed asset?
Fixed assets are also tangible assets with the following characteristics: (1) for the production of goods, provide services, for rental or administrative purposes; (2) to a term of over one year; (3) high unit price. Classified by economic use of fixed assets, fixed assets can be divided into production and business class business class of all fixed assets of .1 non-production, production and operation class of fixed assets, is the direct service of production, business process various types of fixed assets. Such as the production and management with houses, buildings, machinery, equipment, utensils, tools. 2, non-production business with the fixed assets is not directly serving production and business processes of various fixed assets. Such as dormitories, dining hall, bathrooms, hairdressing room and so the use of housing, equipment and other fixed assets, etc.. Hug the use classification of fixed assets can be divided into fixed assets in use, no use of fixed assets and fixed assets not required. Classification of the ownership of fixed assets can be divided into fixed assets owned fixed assets and rental income. Leased fixed assets are divided into operating lease of fixed assets and fixed assets financed by leasing. The economic use of fixed assets and use of comprehensive classification: 1, production and operation of fixed assets. 2, with fixed assets of non-production operations. 3, leased fixed assets. Means the lease under operating lease of fixed assets to other units. 4, No need for fixed assets. 5, no use of fixed assets. 6, the land. That in the past has accounted for the land alone. Paid for land acquisition compensation fee, should be included in land-related housing, the value of the building, 7, fixed assets financed by leasing. Details of fixed assets subject to classification according to the set, also can directly write the name of the specific device. The use of accounting software have now fixed detailed title. Subjects use a lot, as long as the related fixed assets accounting are required.
Is livestock PART OF fixed assetS?
Yes livestock are fixed assets
Should Fire Extinguishers be treated as Fixed Assets?
fixed assets
What does total assets less net fixed assets equal?
Total assets less net fixed assets equals
What are some examples of fixed capital?
fixed assets are assets that are use in the purchasing of fixed assets example: buildings, land , equipment etc
What is the difference between assets and fixed assets?
The differences between assets and fixed assets are; If you take an asset you will get your money back anytime but if you get a fixed assets the bank will keep your money untill the timeframe is over.
