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Fixed assets are those assets which are available in business to generate economic revenue in business for more than one fiscal year.
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∙ 9y ago
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Why do amount for vehicle appear under non current asset and current asset?
Because it's a fixed asset
Why do amount of vehicles appear in non-current assets and current assets?
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Can depreciation be for fixed asset only?
Depreciation is the method of allocating the amount of fixed asset to the fiscal year in which that asset utilized and it is only applicable to fixed assets because current assets are fully utilizable in current year that's why full amount of current assets are charged to income statement.
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.
Does depreciation reduce the amount at which fixed assets are shown in the balance sheet?
Depreciatoin is that amount which is already utilized in business and that's why it is deducted from cost of asset to show that how much asset amount can be allocated in future.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
Accumulated depreciation in Accounting?
Accumulated depreciation is contra account to fixed asset to show how much amount of depreciation is charged till date from date of purchase and it is shown in balance sheet in liabilities side or as a deduction from fixed asset in asset side.
