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Is machinery asset or liability

Anonymous

∙ 9y 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

∙ 3w ago

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Is machinery asset or liability

What else can I help you with?

Is a trade debtors asset or liability?

Is rent income a asset liability or owners equity?

Is equipment an asset or liability?

Is land an asset or liability?

Is debtor an asset or liability?

What is net liability?

Is a trade debtors asset or liability?

Is asset or liability?

Is rent income a asset liability or owners equity?

Is equipment an asset or liability?

Is land an asset or liability?

Is debtor an asset or liability?

Is a premises an asset or liability?

Is Cash an asset or liability?

Is debtor asset or liability?

Is equipment liability or asset?

Is premises a asset or liability?

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