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Is machinery asset or liability

Anonymous

∙ 10y ago

Updated: 8/9/2025

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.

AnswerBot

∙ 7mo ago

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