Is mobile set considered a fixed asset?

Is your monthly savings goal considered a variable or fixed expense?

Your monthly savings goal is considered a fixed expense because you have a set amount that you plan to save each month, which does not change.

Are computers fixed assets?

It depends on your capitalization policy. Many companies will not capitalize an item under a certain dollar amount. So, if a minimum amount is set at $500 and you purchase a $450 computer, it would become an expense. If you purchase a $600 computer, it would be a fixed asset.

Why is depreciation unnecessary when fixed assets is properly maintained?

Depreciation is a systematic allocation of the cost of a fixed asset over its useful life. It is not tied directly to the physical condition of the asset but is an accounting method to match the cost of the asset with the revenue it generates over time. Even when fixed assets are properly maintained and remain in good physical condition, they still undergo wear and tear or obsolescence over time. Depreciation reflects the gradual decrease in the asset's value as it contributes to generating revenue for the business. Here are a few reasons why depreciation is considered necessary, even for well-maintained fixed assets: **Matching Principle:** Depreciation aligns with the matching principle in accounting, where the costs associated with generating revenue should be recognized in the same period as the revenue is earned. Allocating the cost of an asset over its useful life helps in presenting a more accurate picture of the business's financial performance. **Asset Replacement:** Even if an asset is well-maintained, it will eventually need replacement due to technological advancements or changing business needs. Depreciation allows a business to set aside funds for the eventual replacement of the asset. **Financial Reporting:** Depreciation is crucial for providing a true and fair view of a company's financial position. It helps in presenting a more accurate balance sheet by reflecting the reduction in the value of fixed assets over time. **Tax Deductions:** Depreciation is often tax-deductible, providing businesses with tax benefits over the useful life of the asset. This can significantly impact a company's cash flow and tax liability. In summary, while proper maintenance can extend the physical life of fixed assets, depreciation is still necessary for accurate financial reporting, adhering to accounting principles, planning for asset replacement, and realizing tax benefits. It's a financial concept rather than a direct reflection of an asset's condition.

Why do businesses charge depreciation on their fixed assets?

depreciation means allocating the cost of an asset over its life time. most people think that it is because to set aside certen amount of money step by step to purchase at the end of the period . it is wrong. we depreciate asset because we must have a record for the benefit received.

What is a set without a fixed number of elements?

an infinite set

Is purchasing a draughting table a capital expense or revenue expense?

While furniture is considered a Capital Asset, most companies set a threshold for capitalizing an asset. So, if a $500 threshold had been established, and the table cost less than $500, it would be expensed in the current period.

Briefly explain the focus and directrix of a parabola?

the set of points equidistant from a fixed point

The set of all points in a plane that are the same distance from a fixed point?

This set of points forms a circle with the fixed point as its center.

What is the worst bionicle set?

A barraki set because they're not as mobile

How set email in samsung sgh l700?

How to set email account my mobile

What mobile network uses 07885748388?

It would be hard to pin a specific number to a set network these days. When Mobiles first became common-use, each service provider was allocated a fixed set of codes. This meant that, for example, all mobile numbers starting with 078 belonged to Vodafone, those starting 079 belonged to t-mobile etc. However - since it is possible to take your existing number with you to a different network, the old allocations are now meaningless.

What is an it asset management?

An it asset management is the set of business practices that join financial, contractual and inventory functions to support life cycle management and to make decision making.