A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this. Current assets are short-term assets of a company which can be converted in cash in less than one year. To identify: The difference between plant asset & current asset.

Question

Want to see the full answer?

Answer 1

Question

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Plz correct answer?? Acc

what is the value of its total assets ??

chose best answer accounting

Answer 2

Question

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Answer 6

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

Answer 7

Chapter 8, Problem 21DQ

a

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Current assets are short-term assets of a company which can be converted in cash in less than one year.

To identify: The difference between plant asset & current asset.

Answer 8

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

Answer 9

b

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Inventory in company includes the stock held as raw material, work-in progress & finished goods for the purpose of further production and resale.

To identify: The difference between plant asset & inventory.

Answer 10

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Answer 11

c

Summary Introduction

Introduction: A plant asset is a long-term fixed asset of the business which helps in generating revenue for the company. It has a useful life of more than one year, and depreciation is charged on this.

Long-term investments are made by the company in assets & securities for getting a regular earning and capital appreciation.

To identify: The difference between plant asset &long-term investments.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 8 - Prob. 1DQ Ch. 8 - Prob. 2DQ Ch. 8 - Prob. 3DQ Ch. 8 - Prob. 4DQ Ch. 8 - Prob. 5DQ Ch. 8 - Prob. 6DQ Ch. 8 - Prob. 7DQ Ch. 8 - Prob. 8DQ Ch. 8 - Identify events that might lead to disposal of a...Ch. 8 - Prob. 10DQ

Solution Summary: The author explains the difference between a plant asset and current asset.

Videos

Want to see the full answer?

Chapter 8 Solutions