Explain the term Fixed Assets
Explain the term Fixed Assets and what are their advantages in production or business aims?
Expert
Fixed Assets are such assets that are employed for production or business aims. Its advantages are acquired by company in lots of years after its purchasing. Such assets are not purchased for selling aims however only employed for trading and offering better services. In such assets, we can comprise land and building, plant and machinery, computers, vehicles, and equipments and so on. Such assets are illustrated in the asset side of balance sheet. We charge depreciation on such assets and exhibit depreciation as loss in the gain and loss account of company and subtract current year depreciation from specific assets in the balance sheet.
The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Normal 0
What are various advantages for giving Cash Discount?
State the purpose of Export-Import Bank?
What are the various causes of decreasing of Gross profit margin?
Discuss briefly some of the variants of the basic interest rate and currency swaps.
Define deviance; give three illustrations of deviant behavior and use them to explain why deviance is socially constructed.
State the factors you would consider in the evaluation of the political risk related to the making of FDI in the foreign country?
Meaning of Goodwill: Goodwill puts the association at a good position due to which the organization is capable to earn huge profits without any additional efforts. Goodwill can’t be seen although felt. Thus goodwill is termed as an Intangible as
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
18,76,764
1932017 Asked
3,689
Active Tutors
1461181
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!