0
Machinery is considered an asset because it represents a valuable resource that a business uses to generate revenue. It is classified as a fixed asset on the balance sheet, reflecting its long-term utility and contribution to the company's operations. While it may incur maintenance costs and depreciation over time, these do not change its status as an asset.
What else can I help you with?
Continue Learning about Accounting
Related Questions
What is net liability?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is asset or liability?
asset
Is rent income a asset liability or owners equity?
asset liability
Is equipment an asset or liability?
Asset
Is land an asset or liability?
Asset
Is debtor an asset or liability?
It is an asset
Is a premises an asset or liability?
asset
Is Cash an asset or liability?
Asset.
Is debtor asset or liability?
asset
Is equipment liability or asset?
Asset
Is premises a asset or liability?
asset
Trending Questions
What do you learn about Percy's home life as watching the taxes of fifth Avenue?
What do quality auditor offers?
Need and importance of computerized financial accounting?
When a not-for-profit facility receives a contribution from the members of the community the cost of capital is inconsequential when deciding how to use this contribution because it is in effect free?
What filing taxes online programs are available?
Can you claim on your income tax the detectable from your home owners insurance?
Who is outback steakhouse's transfer agent?
What is contability?
Who is the drawee of a check?
How can you view paycheck stubs from bob evans farms?
Used to predict when a firm will likely experience temporary shortages or surpluses of cash?
What is a real world example of Managerial Accounting?
Why should sales receipts of cash from credit customers be recorded and posted immediately?
Full form of MICR code of bank?
Balance sheet accounts are considered to be?
How to manage current assets?
Is treasury stock classified as an assets account?
What is a unpaid or outstanding debt?
Can two people claim head of household?
Can you open a checking account and have someone else's name on the checks?
Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.