Fixed Assets Assignment Help, in myhomeworkhelp.com
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What is a fixed asset?
As per the laws of accounting, a fixed asset is also known as a tangible asset or a property or plant or equipment. These three are together known as PP&E. Fixed assets are those properties that cannot be easily changed into cash. One can compare it with current asset that follows cash and bank account. These are termed as liquid assets. Fixed assets are tangible in nature mostly, and so, are fixed in nature. The accounting standards explain fixed assets to have a future economic entity that tends to flow towards a positive mode.
One cannot sell the fixed assets to consumers directly while you are doing serious business. This is taught by our experts while they help you with Fixed Assets Assignment Help.
Examples of fixed assets
It is very easy to give examples of fixed assets because they exist around you, and you use them in your daily life. Without these fixed assets, you cannot exist in a normal life. They are land and building, plant and machineries, any form of vehicles, furniture and office equipments, fixtures, materials of fittings and computers. All these gain treatment of tax which is termed as depreciation allowance.
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