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What are non financial assets?
non financial assets characteristics
What is revaluation of plant assets?
A plant asset is an asset such as land, buildings, and machinery that will be useful for more than one year and is used to help produce revenues for a business. Plant assets are also known as fixed assets. Revaluation of plant/fixed assets is the process of increasing or decreasing their carrying value in the event of major changes in the fair market value of the assets.
Is plant asset and current assets the same?
NO
Why do assets lose value?
Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets
Is accounts receivable a liability?
included in the cost of a plant assets
What are non financial assets?
non financial assets characteristics
What is the main distinction between inventory and plant assets?
In accounting, inventory is considered a "for sale" asset, plant assets are not.
What is revaluation of plant assets?
A plant asset is an asset such as land, buildings, and machinery that will be useful for more than one year and is used to help produce revenues for a business. Plant assets are also known as fixed assets. Revaluation of plant/fixed assets is the process of increasing or decreasing their carrying value in the event of major changes in the fair market value of the assets.
Is plant asset and current assets the same?
NO
What is the real asset?
Plant Assets are included in this.
Why do assets lose value?
Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets
Difference between real assets and financial assets?
Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.
What are the characteristics of a habitat?
Characteristics of desert plant
What characteristics does a pea plant share?
The characteristics that a pea plant does share are color variants
In a classified balance sheet assets are usually classified as?
current assets; long-term investments; property, plant, and equipment; and intangible assets.
What are the four main problems with plant assets?
Depreciation: Plant assets lose value over time due to wear and tear, obsolescence, or other factors. Maintenance costs: Regular maintenance and repairs are necessary to keep plant assets operating efficiently. Risk of theft or damage: Plant assets can be stolen or damaged, leading to financial losses. Compliance with regulations: Plant assets must adhere to strict regulations regarding safety, environmental impact, and other legal requirements.
What is objective of assets?
Objective of assets is to utilized them for earning revenue for business like plant and machinery etc.
