A fixed asset is a long-term tangible property or equipment a company uses to operate its business. Fixed assets include buildings, computer equipment, software, furniture, land, machinery, and vehicles. Companies can depreciate the value of these assets to account for wear and tear. Fixed asset...
a laptop that you bought and then resell is an inventory, whereas another laptop that you bought for your employer is an Asset. Hence it is up to the business to decide whether it is a Fixed Asset for long-term internal use or an Inventory to be sold ...
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Accountants usually classify computer software as a long-term asset that falls underfixed assetslike buildings and land. However, there are circumstances in which software can be treated as property, plant, & equipment (PP&E) rather than a long-term asset. Key Takeaways While software is not ph...
Answer to: A fixed asset is classified as a/an: a. current asset. b. non-current asset. c. intangible asset. d. contra-asset. By signing up, you'll...
Vehicles that you use for business purposes can be considered a fixed asset. If you’re delivering parcels to customers within a certain radius of your warehouse, for example, the car or van you’re using to transport orders can be recorded as a fixed asset on your business’s balance shee...
Building an investment portfolio may require personalization and finesse, but it can also be ultra-simple.
A single-stock ETF only contains one stock, meaning your gains and losses depend on one asset's performance. You can buy multiple single-stock ETFs that each hold a different company, but you don't get instant diversification from holding onto one single-stock ETF. Sponsored Brokers 1 ...
A fixed asset with a 5-year estimated useful life is sold during the second year. How would the use of the straight-line method of depreciation instead of the double-declining balance method of depreciation affect the amount of gain or loss on the sale of the fixed asset? GainLoss A. ...
Fixed-income ETFs.These ETFs invest in a specific type of bond and/or risk profile to deliver regular income. Many investors use fixed-income ETFs as part of adiversified portfolioof stocks and bonds. Commodities ETFs.Some invest in a single commodity such as corn, crude oil, or gold, eith...