Tags Business Accounting and Bookkeeping Financial Statements

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

Can a fixed asset become a current asset?

Updated: 9/15/2023

Wiki User

∙ 12y ago

Best Answer

yes

Wiki User

∙ 12y ago

This answer is:

Add your answer:

Earn +20 pts

Q: Can a fixed asset become a current asset?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

Is a desk a fixed asset or a current asset?

A fixed asset.

Is gold is fixed asset or current asset?

Current asset

Is cafe a current asset or fixed asset?

Current asset.

Is prepaid insurance a current asset or fixed asset?

Current Asset

Is fixed asset a current asset?

fixed deposit is an assets

Related questions

Is a desk a fixed asset or a current asset?

A fixed asset.

Is gold is fixed asset or current asset?

Current asset

Is cafe a current asset or fixed asset?

Current asset.

Is prepaid insurance a current asset or fixed asset?

Current Asset

Is fixed asset a current asset?

fixed deposit is an assets

Is car a fixed asset or current asset?

fixed assest

Is a car a current asset?

no, it is a fixed asset..

Fixed deposit is fixed asset or current assest?

A fixed deposit in the name of a firm is not a fixed asset.

Why do amount of vehicles appear in non-current assets and current assets?

Vehicle is a fixed asset so it should be shown in fixed asset list and not in current asset list.

Fixed assets to current asset ratio?

fixed assets / current assets

Is current asset the same as a fixed asset?

Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.

Why do amount for vehicle appear under non current asset and current asset?

Because it's a fixed asset

Trending Questions

If a customer makes a credit purchase of 1197 and timely pays the amount due less a 2 discount. The discount is recorded? How long does a company have to claim an unpaid debt from me? Does opening stock appear on trial balance? What is process of accurately accounting for all adt activiity within or across entities? What broad principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses is the? What is the purpose of I statements? What are W2 forms primarily used for? How do you compute break even analysis? Does the owners drawings refer to cash or assets withdrawn from the corporation for personal use? Who is the registered agent for Citigroup Inc? How do you access your aafes employee self service to check pay stub? How do you write a check for 695.00? Explain the term entity? Are dividends declared by CEO's? To whom is the statement of cash flow useful? I would like to invite the principle to present the Annual report? If sale tax is 7.5 percent how much tax would there be on a purchase of 96 dollars? What is payroll systems? What are the benefits of outsourcing payroll processing? What is the normal percent of taxes taken from your paycheck in Kentucky if you don't claim any exemptions?

Still have questions?

imp

Previously Viewed

Can a fixed asset become a current asset?

Unanswered Questions

What are the long-term effects of intermittent fasting on the body? What is the difference between active and passive investment strategies? What Innovative Designs Are Granite Manufacturers Offering This Year? What’s the ideal way to handle spicy snacks for international guests? Which platform helps kids build better problem-solving skills in math, Beestar or Khan Academy? How can smart boards be used effectively for teaching and presentations in schools? What is the validity period of NDT certifications? Who offers the best automation testing course in Noida?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.