At what amounts should each of the three assets be

Q: What is the classification of long term assets? Explain them.

A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…

Q: Would you please explin step 4  from where you for total assets and euity

A: Total assets includes the current assets as well as non current assets (including tangible and…

Q: Differentiate between the ‘definition of assets’ and ‘recognition criteria of assets’ provided in…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Assets created by payments that expire as they are used are called?

A: The assets are resources that are owned by the individual or organization. The assets are in…

Q: Define current assets and list the typical asset categories included in this classification.

A:

Q: distinguish between current and non-current assets, and current and non-current liabilitie

A: Any asset which is convertible in terms of cash within a time duration of one year is a current…

Q: Describe classifications of long term assets.

A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…

Q: How can the Gains and Losses on Depreciable Assets be determined?

A: For calculation of gains or losses on depreciable assets, written down value of the assets at the…

Q: Which of the following assets appears on the balance sheet at fair value? Equipment, Land,…

A: Fair value refers to the actual amount paid in an open market to purchase the assets. Fair value…

Q: What are the two types of claims against assets?

A: Asset is a resource from which the company expected to generate future economic cash flows which can…

Q: What four principles did the FASB conclude were necessary to implement the objectives of the…

A: FASB:- FASB stands for the Financial Accounting Standards Board. It is a private, non-profit…

Q: A cost that is recorded as an asset is ________. Group of answer choices an operating expenditure…

A: The objective of the question is to identify the type of expenditure that is recorded as an asset in…

Q: Explain the three factors that determine the intrinsic, or economic, value of an asset.

A: The intrinsic value of an asset is its fundamental worth or true value based on its cash flows,…

Q: What are some examples of tangible and intangible assets?

A: Introduction:- Assets are mainly categories into two types based on the existence. these are as…

Q: Use U.S. GAAP to determine how to subsequently measure the ten financial assets in requirement 1.…

A: 1). All stand-alone derivatives are classified under the Fair Valu through Profit and Loss (FVTPL)…

Q: Define each of the following terms:d. Depreciation; amortization; EBITDA

A: The formula to compute EBITDA as follows:

Q: List 3 common intangible assets.  How is the life determined that is to be used to compute…

A: Three common intangible assets are : 1. Goodwill: It is the premium amount that is valued based on…

Q: What are the various types of long term assets? Name them.

A: Definition: Long-term assets are the assets which are intended to be held for a longer period of…

Q: What are the three principal types of REITs?

A: The question is based on the concept of Real Estate Investment trust (REIT). They are an investment…

Q: Differentiate between tangible and intangible assets?

A: Tangible assets are those assets which appear in the physical form and it is measurable. Assets like…