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What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
Is good will current or non current asset?
1. Goodwill is an intangible asset as it doesn't have any physical existence it can be treated as fixed assets as goodwill is generally amortized in more than one fiscal year like any tangible asset
Is a desk a fixed asset or a current asset?
A fixed asset.
What is the difference between amortization and depreciation?
Amortization usually refers to spreading an intangible asset's cost over that asset's useful life. Depreciation, on the other hand, refers to prorating a tangible asset's cost over that asset's life.Depreciation Is Applicable only on Fixed & Tangible Assets Which Depends on useful life of that assets that may be expected accurately but Amortization applicable on Intangible Assets whose life is very critical to be measured.DEPRECIATION is calculated for tangible assets while AMORTIZATION is calculated for intangible assets.
Is fixed asset a current asset?
fixed deposit is an assets
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is accounts receivables a fixed asset or intangible asset?
The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).
How do you classify leasehold improvement in the balance sheet?
Fixed Assets.
What is an intangiblee fixed asset?
An intangible fixed asset is one that cannot be physically seen or touched. Goodwill or brand loyalty is an example. A firm like Coca-Cola would most likely include a quantification of their good will as an intangible fixed asset on their balance sheet.
Investment in government securities are fixed assets or current assets?
Is investment in government bond ,government securities, other asset ,investment in equity share and leasehold land are they a fixed asset of current asset please identify these all please need help on these.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
Software lieance is consider as fixed assets?
Software license is typically considered as an intangible asset rather than a fixed asset. This is because it does not have a physical substance and is not expected to provide long-term economic benefit. Intangible assets are recorded on the balance sheet separately from fixed assets, typically under the category of "intangible assets" or "other assets."
Is Premises a tangible fixed assets?
Yes premises is a tangible fixed asset because you can physically ensure the existence of premises like building etc and intangible assets are those assets which cannot be check physically.
Can An intangible asset be reported on a balance sheet?
All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.
Are repairs on a vehicle considered a fixed asset?
If repair improves the performance of fixed assets and massive improvement then it is part of fixed assets otherwise revenue expense.
Is a Franchise fee a fixed asset?
No, a franchise fee is not considered a fixed asset. Instead, it is typically classified as an intangible asset on the balance sheet, as it represents the rights to operate a franchise rather than a physical asset. Franchise fees can have a defined useful life and may be amortized over that period. Fixed assets, on the other hand, are tangible items like buildings and equipment that are used in business operations.
Is good will current or non current asset?
1. Goodwill is an intangible asset as it doesn't have any physical existence it can be treated as fixed assets as goodwill is generally amortized in more than one fiscal year like any tangible asset
