Expansion
Fixed assets depreciate because through depreciation process cost of fixed asset charged to all those fiscal years in which that fixed asset is used.
Fixed assets are the assets of business concern. The value of these assets, except land, gets depreciated year by year and the allowance of such depreciation is availed for tax exemption purposes on a regular basis. When such the assets are sold for a consideration, it is called the "sale of fixed assets" and the gain / loss on sale of such assets is assessed based on the written down value as on the date of such transaction.
Fixed assets and non-current assets are basically the same. Both are defined as assests that are utilized or depreciated by a company over the course of more than a year.
All fixed assets will decline in value over time, by depreciating( the decline in the estimated value of a fixed asset over time) the assets retain some value and the end of their useful life. The profits will also be correctly valued.
Fixed assets are long-term, tangible resources, such as property and equipment that are used in a company's operations. These assets are classified as long-term and tangible because they are not intended for resale and are hold value.
it is the fixed assets like spare parts which are for adding value to a fixed assets and therefore are allowable expenses in taxation Answered by Peter Kasaija gapeter24@yahoo.co.uk
fixed assets
maturity of fixed assets means the completion of useful life of fixed assets.
fixed assets / current assets
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 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).
fixed assets are long term assets which have long term period
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.
Yes livestock are fixed assets
fixed assets
Total assets less net fixed assets equals
fixed assets are assets that are use in the purchasing of fixed assets example: buildings, land , equipment etc