Carpet falls under the head of furniture and fixtures, which become a part of the office building. Hence, carpets are treated as fixed assets.... View Article
Computer software is a fixed asset since the business utilises them over a long period of time to generate revenue. Also see: Difference... View Article
Fire extinguishers are a part of office equipment that is utilised by the business in case of emergencies. As they are regarded as office... View Article
Insurance, on the whole, is attached to fixed assets and becomes a part of fixed assets, hence it is considered a fixed asset. Also see:... View Article
There are no severe guidelines to calculate deferred tax on fixed assets as it is only the difference amount obtained by gross profit from profit... View Article
The average fixed assets are calculated by: Average fixed asset = opening balance + closing balance /2 Also see: Difference Between Assets... View Article
Organizations need to raise minimal expense long-term reserve to back long-term assets (or fixed resources) Two normal decisions for raising... View Article
Yes, vehicles are fixed assets since they are used to generate income of a company over a period of time. Also see: Difference Between Assets... View Article
Investments are non-current assets that are recorded under the head of fixed assets. Investments lack physical being but are used over a long... View Article
An inventory is not a fixed asset, as inventories will be consumed by the business within a year to generate profits. Also see: Difference... View Article
Sundry debtors are recorded as fixed assets as the money belongs to the business. Where the money lent is expected to return to the business in a... View Article
Curtains fall under the category of furniture and fixtures of fixed assets. Since they are attached to a fixed asset in such a way that they... View Article
Yes, computers are assets to the business as they are used in their operational functions to generate revenue over a long period of time. Also... View Article
Depreciation is charged on fixed assets because these assets are used up or consumed by the business in its operating activities over the useful... View Article
