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TVs and fridges belong to the class of fixed assets known as "equipment" or "machinery." These items are typically categorized as tangible assets used in business operations or for personal use, providing utility over an extended period. As fixed assets, they are subject to depreciation, reflecting their declining value over time due to wear and tear.
What else can I help you with?
Is a desk a fixed asset or a current asset?
A fixed asset.
Is fixed asset a current asset?
fixed deposit is an assets
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
Is cafe a current asset or fixed asset?
Current asset.
What class of fixed asset does a fire extinguisher belong?
office equipment
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
Is good is a fictitious asset or fixed asset?
fixed
Is car a fixed asset or current asset?
fixed assest
Is fixed asset a current asset?
fixed deposit is an assets
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
What is an asset class?
Asset Class is the name for financial assets that are grouped together into one category. Property, cash, shares and fixed interest are all different asset classes. They are also the most common. There are also categories within asset classes. For example shares includes domestic and international shares.
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
Is cafe a current asset or fixed asset?
Current asset.
