International Accounting Standard 38 para 54 states that research must not be accounted for as an asset but rather expensed to the income statement.
Paragraph 57 of the same standard allows development to be classed as an asset under certain conditions.
Depreciation expense is neither an asset or liability. It is an expense.
it is an asset
Liability
Asset.
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off.ORAn asset is something which we own and liability is something which we owe.
Why is a share of OGDC is an asset for its owner and a liability for OGDC?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
it is an asset as it has more chances of provivding labour which can help in more production for the development of the country.
yes It is an Asset, not a Liability.
asset
asset liability
It is an asset
Asset.
asset
asset
Asset
Asset