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Yes, software can be considered a current asset if it is expected to be used or sold within a year.

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4mo ago

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Is software considered a fixed asset?

if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.


What is an example of a current asset?

Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.


what is a example of an asset?

Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.


What is an example of assets?

Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.


Is interest receivable considered an account receivable or other current asset?

It is considered a current asset as in it is not an account and should have a seperate t chart.


Is temporary investments considered an asset?

Yes... technically it would be a Current Asset.


What are The Amounts on the books that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Amounts owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Amount owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


What are amounts owed to business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Are Amounts owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Amounts owed to a business that are on a credit basis are considered a current asset on the books and.?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and