fixed assets are those assets which are not intended to sale. If we sell those assets then our business will not survive.
land
land
LAND
A fixed asset.
land
Land is the only fixed asset which has no depreciation charge because land does not depreciate it's value.
land
Land is the only fixed asset which is not depreciated because land never depreciates or wear and tear occur rather it always appreciates.
land
Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.
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
LAND
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
A fixed asset.
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment (fixed deposite,dll).
land
In business, Land is known as fixed capital or asset as it is the source of income at that case.