What characteristics of a plant asset make it different from other assets?

Q: What costs should be capitalized for a self constructed asset?

A:

Q: What is an intangible asset? Provide some examples.

A: Intangible assets: These are the long-term assets which are not physical in nature, but possess…

Q: WHAT IS TECHNICAL OBSOLECENSE OF ASSET

A: The term obsolete refers to the fact that a commodity is no longer in use. Obsolescence refers to…

Q: What are intangible assets? Intangibles with Identifiable and non-identifiable economic life? Please…

A: Various kinds of physical and non-physical resources that a company purchases and uses for the…

Q: The book value of a plant asset is the difference between the:

A: Answer:   Option a.

Q: What are the objectives of a fixed asset system?

A: Fixed Assets:   The asset used by company for more than one year is known as fixed asset. Fixed…

Q: WHAT IS FUNCTIONAL OBSOLECENSE OF ASSETS?

A: Functional obsolescence of assets is discussed hereunder : The term ' Obsolescence' refers to…

Q: How can I compute the acquasition of plant assets?

A: The acquisition cost incurred on a plant asset is the cost expended to acquire and place the asset…

Q: What are the advantages and disadvantages of real assets?

A: The question is asking about the pros and cons of investing in real assets. Real assets are physical…

Q: What is meant by the “depreciable cost” of a plant asset?

A: The assets having the life of more than a year can be classified as non-current or plant assets.…

Q: How is gain or loss determined when disposing of plant assets? What situation constitutes a gain?…

A: Disposal of plant assets, may result in gain or loss.

Q: What are some advantages of asset allocation?

A: The advantages of applying asset allocation:   Diversification:  Long-term investing:…

Q: What are the characteristics of an intangible asset?

A: Asset refers to any economic value resource for an individual, corporation or a country. It…

Q: What are the intangible assets? Give some examples?

A: Classification of Assets Assets can be classified in to three categories which are Fixed Assets,…

Q: Property plant and equipment are considered what type of asset?

A: basically classification of asset is done based on the nature of the asset .there are two types of…

Q: WHAT IS ECONOMIC LIFE OF ASSET?

A: Asset refers to the useful resource of a business entity that is being owned by it that would help…

Q: What is the objective in identifying the costs of an asset?

A: Asset:   It represents the tangible and intangible resources owned by the business for a particular…