Depreciation - Meaning, Characteristics, Causes ~ Latest News

67. A characteristic of a fixed asset is that it is A. intangible B. used in the operations of a business C. held for sale in the ordinary course of the business D. a short-term investment. B. 68. Land acquired so it can be resold in the future is listed in the balance sheet as a (n) A. fixed asset B. current assetD Question 20 A characteristic of a fixed asset is that it is held for sale in the ordinary course of the business a short-term investment none of the above intangible used in the operations of a businessAns: Main characteristics of fixed assets:-The main characteristics of fixed assets are given below:- 1.They can be depreciated. 2.Fixed assets are illiquid. 3.They are used in b view the full answerWhich of the following qualities are characteristic of fixed assets? (a) Tangible, (b) Capable of repeated use in the normal operations of the business, (c) Not held for sale in the normal course of business, (d) Not used in the operations of the business, (e) Useful life must be greater than 10 years.A characteristic of a fixed asset is that it is (Points: 5) intangible used in the operation of a business held for sale in the ordinary course of the business a long term investment 2. A notes receivable due in 18 months is listed on the balance sheet under the caption (Points: 5) long-term liabilities fixed assets current assets investments 3.

Solved: D Question 20 A Characteristic Of A Fixed Asset Is

A characteristic of a fixed asset is that it is used in the operations of a from ACCOUNTING 101 at Roosevelt UniversityThe Essential Characteristics of an Asset The following are the essential characteristics of an asset as per Conceptual Framework: resource must contain future economic benefits that involves a capacity to contribute directly or indirectly to future net cash flows, and, in the case of not-for-profit (NFP) organizations, to provide services;An asset class is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Equities (stocks), fixed Income (bonds), cash and cash...1. A characteristic of a fixed asset is that it is a. intangible *b. used in the operations of a business c. held for sale in the ordinary course of the business d. a long term investment

Solved: The Main Caracteristics Of Fixed Assets What Are T

A characteristic of a fixed asset is that it is a. intangible b. used in the operations of a business c. held for sale in the ordinary course of the business d. none of the above. B. Land acquired so it can be resold in the future is listed in the balance sheet as a(n) a. fixed assetFixed Assets normally refer to property, plant, and equipment that are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes, and they are expected to be used with more than one year accounting period.A characteristic of a fixed asset is that it is a. used in the operations of a business b. a short-term investment c. intangible d. held for sale in the ordinary course of the business 2. Land acquired so it can be resold in the future is listed on the balance sheet as a(n) a. fixed asset b. intangible asset c. investment d. current assetWhat are fixed assets? Fixed assets —also known as tangible assets or property, plant, and equipment (PP&E)—is an accounting term for assets and property that cannot be easily converted into cash. The word fixed indicates that these assets will not be used up, consumed, or sold in the current accounting year.A characteristic of a fixed asset is that it is a.intangible b.used in the operations of a business c.held for sale in the ordinary course of the business d.a short-term investment. B. The formula for depreciable cost is a.Initial Cost - Residual Value b.Initial Cost - Accumulated Depreciation