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 debtor an asset or liability?
It is an asset
Is Cash an asset or liability?
Asset.
Is a premises an asset or liability?
asset
Is premises a asset or liability?
asset
Is equipment an asset or liability?
Asset
Is equipment liability or asset?
Asset
Is land an asset or liability?
Asset
Is debtor asset or liability?
asset
Trending Questions
What is the current ratio if cash is 8000 accounts payable is 2000 and stocks worth 2000?
Do puerto ricans pay social security taxes?
How did actors in Shakespeare's time get paid?
What does ACS1 mean on your check stub?
Vertical analysis is also known as?
Does flybe do invoices?
What is mean by public auditability?
What is the statute of limitation on unfiled income taxes in California?
How many years of education does it take to get a degree in business accounting?
How do you enter the double entry for interest receivable?
Why do you have to pay estimated taxes?
What is prior balance?
What is temptation to understate costs?
How much tax on 10 million dollars?
What are the purposes of a product-costing system?
How do I verify previous employment with Bank of America in California?
Why do people use accounting?
A entity's current ratio will be influenced by?
What happens you do not withheld enough taxes to file federal income tax?
Are freight charges taxable in pa?
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.