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Crockery in a restaurant is typically classified as a fixed asset. This is because it is a long-term resource that is used repeatedly in the operation of the business, rather than being consumed or sold as part of regular inventory. Fixed assets are expected to provide value over time, while current assets are usually items that are expected to be converted to cash or used up within a year.
What else can I help you with?
Is a desk a fixed asset or a current asset?
A fixed asset.
Is gold is fixed asset or current asset?
Current asset
Is cafe a current asset or fixed asset?
Current asset.
Is prepaid insurance a current asset or fixed asset?
Current Asset
Is car a fixed asset or current asset?
fixed assest
Is fixed asset a current asset?
fixed deposit is an assets
Is a car a current asset?
no, it is a fixed asset..
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Can a fixed asset become a current asset?
yes
Why do amount of vehicles appear in non-current assets and current assets?
Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.
Fixed assets to current asset ratio?
fixed assets / current assets
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
