What are the long-term assets which do not have any physical existence? A. Intangible Assets B. Tangible Assets C. Current Liabilities D. Current Assets

How does the concept of depreciation work in accounting, and what are the various methods used to calculate depreciation for assets?

Q. What are the effects of depreciation on the profit and loss account and balance sheet?

what is the adjusting process of accrual and cash basis accounting ?  what is depreciation ? what is depreciation expense?

Q.  Where Are Depreciation Expenses Reflected in a Financial Statement?

How would accumulated depreciation be classified on the balance sheet? current asset fixed asset current liability O long term liability

Please explain Tangible and Intangible Assets. What are types of both? Also Intangible Assets are not depreciated but amortized. Please explain the difference. What kind of intangible assets are amortized? Do Tangible and Intangible Assets show up on the Balance Sheet, if they , is do please list the order they appear. For example Current Assets appear first and in order of liquidity is that correct? Please Show in order how Assets are recorded as well as explain the difference between Tangible and Intangible and what amortization is. Thanks!

Define current assets. What basis is used for ordering individual items within the current assets section? How do current liabilities differ from long-term liabilities?

Which of the following is not included in the computation of profit or loss? Interest Expense on Plan Assets Actuarial Gains or Losses Settlement Gains or Losses Interest Expense on Asset Ceiling