A fire extinguisher is typically classified as an asset on a company's balance sheet because it provides a future economic benefit by protecting against potential fire hazards. Assets are resources owned by a company that have measurable value and are expected to provide future benefits. While the initial purchase of the fire extinguisher may be recorded as an expense on the income statement, the extinguisher itself is considered an asset as long as it continues to provide value to the company.
office equipment
Depreciation expense is neither an asset or liability. It is an expense.
preliminary expense is the expense for fitting the asset or similar works, so this expenses capitalized.... and is called fixed asset
Expense
An expense is not an asset at all.
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Its an asset.
Yes. No , Its not a Expense. Its an Asset.
how does a fire extinguisher work
A Class C fire extinguisher.
A Class C fire extinguisher.