Subjects>Law & Government>United States Government

What is differentaite fixed asset from current asset?

Anonymous

∙ 11y ago

Updated: 11/10/2022

Current assets are those which are usable within one fiscal year while fixed assets are usable for morethan one fiscal year.

Wiki User

∙ 11y ago

What else can I help you with?

Is a desk a fixed asset or a current asset?

A fixed asset.

Is gold is fixed asset or current asset?

Current asset

Is cafe a current asset or fixed asset?

Current asset.

Is prepaid insurance a current asset or fixed asset?

Current Asset

Is car a fixed asset or current asset?

fixed assest

Is fixed asset a current asset?

fixed deposit is an assets

Is a car a current asset?

no, it is a fixed asset..

Fixed deposit is fixed asset or current assest?

A fixed deposit in the name of a firm is not a fixed asset.

Can a fixed asset become a current asset?

yes

Why do amount of vehicles appear in non-current assets and current assets?

Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.

Fixed assets to current asset ratio?

fixed assets / current assets

Is current asset the same as a fixed asset?

Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.

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