The role of a fixed asset manager is to identify the fixed asset report and to prepare an analysis of all fixed and current assets. Also see:... View Article
Fixed-income assets are ones where steady income is offered with minimum or less risk than shares. This approach focuses on preserving the... View Article
Depreciation can be calculated by various methods but the most preferred method is the straight-line method. The calculation of depreciation... View Article
Fixed assets are long-term assets that are used in the business to create or generate income such as plant and machinery, buildings, equipment,... View Article
It is mandatory to maintain a fixed asset register as per the companies act 2013 and by the income tax act. All businesses acquire or possess... View Article
The fixed asset register that is maintained either in the accounting books or on an excel sheet must follow these steps: The fixed assets must... View Article
The gross fixed assets refer to the amount of capital the business has to invest to acquire all the fixed assets. The total sum of all fixed... View Article
The following steps show how sales of fixed assets in tally can be recorded: In the Gateway of tally open the sales voucher screen or directly... View Article
The calculation of disposal of fixed assets can be made by debiting accumulated depreciation and then crediting the fixed asset account. In... View Article
A fixed asset management system is a process of tracing and maintaining the business’s assets and equipment. Also see: What Are Current... View Article
The following steps can be followed to prepare a fixed asset schedule: Allotting of a unique code for each asset. Allowing depreciation... View Article
Yes, signage when purchased by a business on its behalf to promote or advertise itself is a fixed asset that is liable for depreciation like any... View Article
In certain instances by enabling the expenses/ fixed asset in the purchase, the process of normally entering a fixed asset purchased via a... View Article
It's at times experienced in fixed assets to see a negative net book value, which isn't exactly sensible since the life to date deterioration sum... View Article
The allocation of cost for a software license, either purchased or paid in installments is capitalised as an intangible asset. Administrators may... View Article
Intangible assets/ resources are fixed assets for being utilized over a long period of time, yet they lack actual presence. Instances of... View Article
