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Is biological asset is a fixed asset?
No, because biological assets constantly change. Examples of biological assets are property, equipment, etc. A fixed asset does not change.
What are the Accounts that comes under fixed asset?
PP&E are considered the fixed asset accounts. Property, Plant and Equipment. These include things that generally last for long periods of time. Land, Buildings, Vehicles, Machinery used in the business, etc.
Is a desk a fixed asset or a current asset?
A fixed asset.
When is land consider a current asset?
Never, land is a fixed asset that is listed under Property, Plant and Equipment or PP&E, but is never listed as a current asset.NO, land is not considered a current asset as typically it is not easily liquidated into cash. Land goes under the PP&E section of the balance sheet, hence the term Property, Plant, & Equipment and is classified as a long-term asset.
Is software considered a fixed asset?
if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.
Is biological asset is a fixed asset?
No, because biological assets constantly change. Examples of biological assets are property, equipment, etc. A fixed asset does not change.
Is an automobile considered a fixed asset?
yes
Depreciation on Fixed Asset is a operating expenses or not?
Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets
Is a calculator fixed asset?
No, it is just too unsignificant to be considered as fixed assets.
What are the Accounts that comes under fixed asset?
PP&E are considered the fixed asset accounts. Property, Plant and Equipment. These include things that generally last for long periods of time. Land, Buildings, Vehicles, Machinery used in the business, etc.
Is mobile set considered a fixed asset?
mobile set]
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
Is good is a fictitious asset or fixed asset?
fixed
When is land consider a current asset?
Never, land is a fixed asset that is listed under Property, Plant and Equipment or PP&E, but is never listed as a current asset.NO, land is not considered a current asset as typically it is not easily liquidated into cash. Land goes under the PP&E section of the balance sheet, hence the term Property, Plant, & Equipment and is classified as a long-term asset.
Is software considered a fixed asset?
if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.
What are things to be as fix assets and current asset and give example of each?
fixed asset - property, land, machinery, vehicles, etc Current asset- stock, recievables, petty cash.
