Are computers fixed assets? What is the difference between assets and liquid assets? On what basis is a plant asset recorded in the financial records? Is rental inventory a fixed asset? What costs of creating or purchasing an intangible asset can be capitalized?
(2) Purchased ten computers as fixed assets for RMB 100,000. A special VAT invoice was obtained. The computers are used for both taxable and tax exempt services and are used around 20% of the time to provide VAT exempt services. (3) Paid a software house, which is a small-scale taxpa...
Extended asset life Many assets have a defined useful life, like computers, software systems, machinery, and vehicles. Through regular wear and tear, certain assets will eventually break down and need to be replaced. Proper asset management can help assets remain in good condition, thereby maximi...
Current assets are short-term assets used to keep a business running and are typically used up in less than one year. Cash and cash equivalents — liquid assets — are considered current assets, as is inventory. Fixed assets, on the other hand, are long-term, physical assets. They have ...
Which of the following is an example of an intangible product? 1. hamburgers 2. computers 3. automobiles 4. dental care Why is there a distinction between purchased and internally created intangible assets? The write-off of the cost of an intangible asset is called ___. Give examples...
This also happens when opening the same file on separate computers. The issue may have occurred after a crash. The file might open after another attempt. Causes: Fusion is out of date. Corrupted data. Network issues. Solution: Update ...
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Convertibility describes how easily an asset can be liquidated—i.e., converted into cash. Assets are either current or non-current (i.e., fixed) assets. Current assets can be converted into cash within one fiscal year, whereas non-current or fixed assets can’t. Examples of current assets...
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Version 76.0.141.0 (Official build) canary (64-bit) there are 2 computers both running the same version of the new Microsoft Edge. about 3 days ago added 4 bookmakrs on one of the computers and when i signed into the new Edge for the first time on the other computer, those bookmakrs...