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Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
Is straight-line depreciation on equipment fixed or variable?
It is considered as fixed overhead cost because it doesn't dependant on level of production
Is one of the fixed asset accounts from Office Equipment Land Delivery Equipment or Building will not have a related contra asset account?
LAND
In forming a Sub S corporation if the shareholder contributes a piece of equipment to the corporation what is its basis in the corporation?
The equipment would become a fixed asset of the corporation.
Is biological asset is a fixed asset?
No, because biological assets constantly change. Examples of biological assets are property, equipment, etc. A fixed asset does not change.
Is maintenance on production equipment a fixed variable or mixed cost?
fixed and variable
What is BS6201?
A fixed capacitor used in electronic equipment.
What are some examples of fixed capital?
fixed assets are assets that are use in the purchasing of fixed assets example: buildings, land , equipment etc
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
What class of fixed asset does a fire extinguisher belong?
office equipment
Is straight-line depreciation on equipment fixed or variable?
It is considered as fixed overhead cost because it doesn't dependant on level of production
Is one of the fixed asset accounts from Office Equipment Land Delivery Equipment or Building will not have a related contra asset account?
LAND
Fixed asset in an engineering business?
V ehicles, land and buildings, equipment, etc.
Give two examples of fixed assets in farmers balance sheet?
equipment land
Characteristic of a fixed asset is that it is?
A characteristic of a fixed asset is that it is used in the operation of a business. Examples of fixed assets include office equipment, computers, and machinery.
In forming a Sub S corporation if the shareholder contributes a piece of equipment to the corporation what is its basis in the corporation?
The equipment would become a fixed asset of the corporation.
Is biological asset is a fixed asset?
No, because biological assets constantly change. Examples of biological assets are property, equipment, etc. A fixed asset does not change.
