answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

What does it mean when Net Asset Value goes down?

When Net Asset Value (NAV) goes down, it indicates that the total value of a fund's assets minus its liabilities has decreased. This decline can result from various factors, such as falling market prices of the securities held in the fund, increased liabilities, or poor financial performance. A lower NAV may suggest reduced investor confidence or unfavorable market conditions, which can impact investor returns. It's essential for investors to analyze the reasons behind the decline to make informed decisions.


Accumulated Depreciation is reported on the income sheet?

no. accumulated depreciation goes under non current asset on the Balance sheet


What is depreciation?

Depreciation means decline in the value of fixed assets due to use, passage of time or obsolescence. According to R.N. CARTER, " Depreciation is gradual or permanent decrease in the value of asset from any cause".


When is land consider a current asset?

Never, land is a fixed asset that is listed under Property, Plant and Equipment or PP&E, but is never listed as a current asset.NO, land is not considered a current asset as typically it is not easily liquidated into cash. Land goes under the PP&E section of the balance sheet, hence the term Property, Plant, & Equipment and is classified as a long-term asset.


What increases an asset account debit or credit?

Assets are a debit account and are increased with a debit. Cash goes up with a debit, Inventory, Accounts Receivable, etc. Any asset account will increase with a Debit.Liabilities increase with a Credit as do Owners Equity.One key note, do not confuse Depreciation with an asset account, it can be easily done as you list depreciation under the assets along with it's corresponding account, depreciation is what you call a Contra-Asset Account.

Related Questions

What does it mean when Net Asset Value goes down?

When Net Asset Value (NAV) goes down, it indicates that the total value of a fund's assets minus its liabilities has decreased. This decline can result from various factors, such as falling market prices of the securities held in the fund, increased liabilities, or poor financial performance. A lower NAV may suggest reduced investor confidence or unfavorable market conditions, which can impact investor returns. It's essential for investors to analyze the reasons behind the decline to make informed decisions.


What is asset demand for money?

Asset demand for money is dependent on interest rates. The money slope goes down if interest rate goes down. In contrast, money slope goes up if interest rate goes up.


What does it mean by positive beta in finance?

A positive beta means that the asset generally follows the market. A negative beta shows that the asset inversely follows the market; the asset generally decreases in value if the market goes up and vice versa.


In what ammount does the strike price of an option move?

The strike price of an option does not change - strike price is fixed for the duration of the option. The price of the option will move based on the following: * Price of underlying asset (moves with - asset price goes up, option price goes up) * Time left to expiration (moves with - time left goes down, option price goes down) * Volatility of underlying asset (moves with - volatility goes up, option price goes up) * Risk free rate (moves with - risk free rate goes up, option price goes up)


What is it called when the value of money goes down?

inflation


What happens when the value of the us dollar goes down?

if the value of dollar goes down, there are big effect to the ofw, for example the remittaces of the ofw when they sent the dollar here in Philippines the value of the dollar is depreciated.


If a company does well the value of a share goes down?

false!


If a company does well the value of a share goes down.?

false!


What are the problems a business might face with fixed assets?

organization facing problem about fixed asset is that the working capacity of the fixed asset goes on decreasing only excluding the land, because the value of land always appreciated


What kind of asset is a car?

A car is typically considered a tangible asset and a depreciating asset. Tangible assets are physical items that can be touched and measured, while depreciating assets lose value over time due to wear and tear, age, and market conditions. Cars usually decrease in value from the moment they are purchased, making them less valuable as time goes on. However, they can also be seen as a necessary asset for personal transportation.


What is historical significance?

It is when someone makes an impact on history and goes down on history


What is it called when the value of currency goes down called?

it is called deflation