Concept Introduction:
The fixed assets are of two types, one is tangible and other is intangible. The tangible assets are those which can be touched i.e. having a physical presence. An asset which is used in the business for more than one year and is subject to
The expenditure which increases the value of assets economically or its life is added to the cost of the asset i.e. capitalized and the expenditure which does not increase the value or life is debited to the income statement as an expense for the period.
The effect of the sale of equipment on liquidity metrics free
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