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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 else can I help you with?
Is gold is fixed asset or current asset?
Current asset
Is cafe a current asset or fixed asset?
Current asset.
Is land a current or non current asset?
I believe that land comes under Property, Plant & Equipment which comes under non-current. So, as far as I can recall, it should be non-current.
Is prepaid insurance a current asset or fixed asset?
Current Asset
Which of the following should not be classified as a current asset?
land , building , furniture , vehicles &others
What is the Journal entry move land out of current assets?
Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.
What are things to be as fix assets and current asset and give example of each?
fixed asset - property, land, machinery, vehicles, etc Current asset- stock, recievables, petty cash.
Is gold is fixed asset or current asset?
Current asset
Is cafe a current asset or fixed asset?
Current asset.
Is land a current or non current asset?
I believe that land comes under Property, Plant & Equipment which comes under non-current. So, as far as I can recall, it should be non-current.
Is prepaid insurance a current asset or fixed asset?
Current Asset
Is money lent by a bank a current asset or non current asset?
non current asset
Which of the following should not be classified as a current asset?
land , building , furniture , vehicles &others
Is a security deposit a current asset or current liability?
Current Asset
Is fixtures and fittings a current asset or a non current asset?
non current
Is premises a current asset or non current asset?
non-current assets.
Is freight a current asset or non current asset?
it is a expense
