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Yes it is, a non current asset is one that will last over 12 months, a current asset is one that will be used up within 12 months.

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Q: Is stationary assets current assets
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Related questions

What are net current assets?

Formula for net current assets :net current assets = current assets - current liabilities


What is the difference between current assets vs total assets?

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets


What are permanent current assets?

Permanent current assets are current assets that are replaced with like assets within one year.


How do you find the percentage of current assets to total assets?

percentage of current assets to total assets


Are investments current assets or other assets?

If investments are for short term then these are current assets but if these are for long term then non-current assets.


Fixed assets to current asset ratio?

fixed assets / current assets


Is accounts receivable a current or non current assets?

Current assets


Sam reported total assets of 1903000 and non current assets of 894410 He also reported a current ration of 1.60 What amount of current liabilities did he report?

Current assets = total assets - long term assets Current assets = 1903000 - 894410 Current assets = 1008590 Current ratio = 1.6 Current ratio formula = Current asset / Current liabilities 1.6 = 1008590 / Current liabilities Current liabilities = 1008590 / 1.6 Current liability = 630369


Are intangible assets included in current assets?

Intangible Assets are not included in current assets. They are usually listed under Other Assets.


Are current assets debit or credit items?

Current assets are debit as all assets has default balance debit so current assets as well and these are shown under current assets section of balance sheet.


Is there any example for current assets?

examples for current assets?


What is the current assets?

Current assets are assets that are likely to be converted into cash within the operating period. Another way to put it is current assets are the most liquid assets of a company. These mainly consist of the following:Cash and Marketable SecuritiesAccounts ReceivableInventoriesOther Current Assets