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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.
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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
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Is Cash an asset or liability?
Asset.
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asset
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asset
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