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Explain - fixed assets?
fixed assets are long term assets which have long term period
Are buildings non current assets?
Yes, buildings are considered non-current assets (also known as long-term assets) on a company's balance sheet. They are tangible assets that a company uses in its operations and are expected to provide economic benefits over a period longer than one year. As such, they are not intended for immediate sale and typically depreciate over time.
What the difference between Assets and long term Assets?
Assets are resources controlled by the business from which future economic benefits are expected to flow. In the case of current assets (e.g. Inventory) this period is expected to be within 1 period while Long term Assets (Non-Current Assets) are assets which are expected to be used over more than one period (12months) or which are held for indefinite capital accumulation (e.g. Investment Property)
Are the 'term loans' current assets or fixed assets?
if loans given for short term period then current assets but if given for long term then non-current assets.
What cars depreciate the least?
Usually cars such as Toyotas or Hondas because they are known for lasting for a long time and being very reliable over a long period of time.
Is investment comes under current assets?
if investment is for short term period then it is current asset otherwise it is long term assets.
What is the different between current assets and non-current assets?
Current assets are assets that are likely to be converted into cash within the operating period--that is the assets of the company that are most liquid. These mainly consist of the following:Cash and Marketable SecuritiesAccounts ReceivableInventoriesOther Current AssetsNon current assets are assets that are unlikely to be converted into cash, but rather items that the company will keep over a long period of time. Examples of theses are as followed:Property Plant and EquipmentIntangible AssetsOther non current assets
What are capital assets?
Capital assets, also known as long-term assets or fixed assets, are tangible assets that a company acquires and holds for extended periods to generate income and support its operations. These assets typically have a useful life of more than one year and are not intended for immediate resale. Examples of capital assets include land, buildings, machinery, equipment, vehicles, and furniture. Companies depreciate these assets over time to account for their wear and tear, and they are an essential part of a company's financial health and operational capabilities.
What does the term capital assets mean in accounting?
In accounting the term capital assets refers to an asset that is usually held for the purpose of contributing to earnings for a business over a long period of time.
What is the difference between fictitious assets and intangible Asset?
Fictitious assets-fictitious assets are deffered revenue expenditure whose benefit is derived over long period of time.Even accumalated losses are also fictitious assets as they are written off over a period of time.All fictitious assets are intangible but all intangible assets are not fictitious.ex goodwill.patents,trademarks,copyrights are intangible but not fictitious.following are the examples of fictitious assets are-preliminary expenses,discount on issue on debenture and shares,underwriting commission,miscellaneous expenditure,profit and loss(dr).
How long is the expected recovery time following hemorrhoidectomy?
The total recovery period following a surgical hemorrhoidectomy is about two weeks.
Do frequent flyer miles depreciate over time?
Frequent Flyer Miles do not depreciate over time. You can keep accumulating them for as long as you want without losing any, even if it means saving them for years.
