V A L U A T I O N O F F I X E D A S S E T S

Essay specific features

 

Issue:

Business

 

Written by:

Wayne P

 

Date added:

March 15, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1812

 

Was viewed:

10242 times

 

Rating of current essay:

 
Essay content:

Financial statements disclose certain information relating to fixed assets. In many enterprises these assets are grouped into various categories, such as land, buildings, plant and machinery, vehicles, furniture and fittings, goodwill, patents, trade marks and designs. Definition: According to Accounting Standard-10 “Fixed asset is an asset held with the intention of being used for the purpose of producing or providing goods or services and is not held for sale in the normal course of business...
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For example, machines, buildings, patents or licences can be fixed assets of a business. The two major asset classes are tangible assets and intangible assets: Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment...
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