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What type of property is not classified for accounting purposes?
For the Army, real property is not classified for accounting purposes. All Army property, except real property, is classified as expendable, nonexpendable, or durable
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
What is equipment in accounting?
Equipment is any tool which business use to earn revenue and use in production of goods to be sold.
What is construction accounting?
Construction accounting is simply methods of accounting and finance applied the construction industry. Lots of factors have to be taken into account including labor costs, supplies, equipment etc.
What is discount allowed classified as in accounting?
It is classified as an expense to the trader.
What type of property is not classified for accounting purposes?
For the Army, real property is not classified for accounting purposes. All Army property, except real property, is classified as expendable, nonexpendable, or durable
Standby equipment is reported as what on the balance sheet?
under "Machinery and Equipment" depreciation rules applyFor Financial Accounting - i.e. for drawing up Balance sheet it makes no difference if the asset is used or kept on stand by. It is still classified under its broad category.For Management Accounting - you may show it separate to identify the stand by resources at handHope this helps!
How are hand tools classified tools classified?
Under Tools and Equipment
The office equipment account is classified as?
The office equipment account is classified as an asset. Office equipment is an account that is amortized each year to show a devaluation for tax purposes.
What is SIC 3669?
Establishments primarily engaged in manufacturing electric signal equipment are classified in SIC 3669: Communications Equipment, Not Elsewhere Classified
An accounting firm would be classified as which type of business?
Service industry
Where to post a classified for farm equipment for sale?
You can post a free classified ad for farm equipment on www.craigslist.com. Additionally, you can place ads in your local newspaper.
Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
What is equipment in accounting?
Equipment is any tool which business use to earn revenue and use in production of goods to be sold.
What is construction accounting?
Construction accounting is simply methods of accounting and finance applied the construction industry. Lots of factors have to be taken into account including labor costs, supplies, equipment etc.
What are the accounting journal entries to record donated equipment?
debit assetcredit donations
