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yes. anything that has value is an asset.
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∙ 14y ago
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What are long term assets?
Long term assets are assets that can't be easily converted in to cash like vehicles,equipments and machineries .
Which group of accounts is comprised of only assets?
The group of accounts that is comprised of only assets are prepaid expenses. Money can be owed on such things as buildings and other equipment.
What is the meaning of tangible asset?
Tangible fixed assets, as assets which 'are held for use in the production or supply of goods or services...on a countinuing basis in the reporting entity's activities'.examples; land, premises, vehicles, machinery e.t.c Tangible Assets are those assets which we can see, touch… for example buildings, machinery, vehicles..etc Dinesh.
The 4 subdivisions of plant assets?
Plant assets, also known as property, plant, and equipment (PP&E), can be divided into four main subdivisions: land, buildings, machinery and equipment, and vehicles. Land includes the company's real estate holdings. Buildings encompass structures used for business operations. Machinery and equipment cover tools and machinery needed for production. Vehicles pertain to any company-owned transportation assets. These subdivisions help businesses categorize and manage their long-term assets efficiently, making it easier to track, maintain, and assess their value and usefulness over time.
What is current assets and non-current assets?
Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.Non-Current assets are assets that can't really be changed into cash quickly, these can include land, buildings, Notes Receivable, etc.
What are some examples of fixed capital?
fixed assets are assets that are use in the purchasing of fixed assets example: buildings, land , equipment etc
What are long term assets?
Long term assets are assets that can't be easily converted in to cash like vehicles,equipments and machineries .
What are Examples of financial assets that are traded?
Financial assets are tangible and intangible assets. while tangible assets are include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. ... Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
What are the four main problems with plant assets?
land, land improvements, buildings, and equipment
Which group of accounts is comprised of only assets?
The group of accounts that is comprised of only assets are prepaid expenses. Money can be owed on such things as buildings and other equipment.
What is the best example of infrastructure?
roads, bridges, monuments, buildings, or other assets managed by the governmentBridges
What are the after effects of a war on buildings?
If your real estate assets find themselves in a battle zone, they may experience some devaluation.
What is the meaning of tangible asset?
Tangible fixed assets, as assets which 'are held for use in the production or supply of goods or services...on a countinuing basis in the reporting entity's activities'.examples; land, premises, vehicles, machinery e.t.c Tangible Assets are those assets which we can see, touch… for example buildings, machinery, vehicles..etc Dinesh.
What is meant by the term fixed asset depreciation?
The depreciation to fixed asset ratio measures how diligently the company is replacing its old fixed assets with replacements. Companies will acquire fixed assets such as new buildings or machinery with hopes of gaining sales over the lifespan of those assets.
The 4 subdivisions of plant assets?
Plant assets, also known as property, plant, and equipment (PP&E), can be divided into four main subdivisions: land, buildings, machinery and equipment, and vehicles. Land includes the company's real estate holdings. Buildings encompass structures used for business operations. Machinery and equipment cover tools and machinery needed for production. Vehicles pertain to any company-owned transportation assets. These subdivisions help businesses categorize and manage their long-term assets efficiently, making it easier to track, maintain, and assess their value and usefulness over time.
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 are the specific kinds of assets?
Assets can be devided in to two types. they are Fixed assets & Current Assets. Fixed assets are those which can be used by the organisation in long term. For example Land , plant & Machinery , Buildings etc. being the assets are put to use continueously, the value of the fixed assets decreases which is called DERECIATION. Depreciation is calculated as per the Rates prescribed by the Income Tax Act 1962. Current assets can be defined as those which can be converted in to cash with in one year. for example Bank Balances, Debtors, Stock and Accounts Receivable etc.
