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A bin can be considered a fixed asset if it is used in a business for an extended period and is not intended for resale. Fixed assets are long-term tangible assets that a company uses in its operations to generate revenue. However, if the bin is part of inventory or intended for short-term use, it may not qualify as a fixed asset. Ultimately, the classification depends on its purpose and duration of use in the business.
What else can I help you with?
Is a desk a fixed asset or a current asset?
A fixed asset.
Is fixed asset a current asset?
fixed deposit is an assets
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
Is cafe a current asset or fixed asset?
Current asset.
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
Is car a fixed asset or current asset?
fixed assest
Is fixed asset a current asset?
fixed deposit is an assets
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
Is cafe a current asset or fixed asset?
Current asset.
Is a car a current asset?
no, it is a fixed asset..
Double entry for Purchase fixed asset?
dr fixed asset cr bank
