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Is a car a current asset?
no, it is a fixed asset..
Is car a fixed asset or current asset?
fixed assest
Is a car a liquid asset?
A liquid asset is cash or something that can be quickly converted into cash. A car is generally not considered a liquid asset. The reason for this is because it can take some time to sell a car in order to obtain cash.
Is a car loan an asset or a liability?
liabities
Is a car considered a asset?
In a word, no. An asset is something that tends to be a concrete investment, or something that appreciates in value. A car reduces in value as soon as you purchase it, so it is not an asset. The purchase of an expensive car is not a wise investment. Exceptions: A car that is either old and restored, or a customized car may give you more money in the future.
How do you use asset in a sentence?
millions of dollars are being wasted. Why don't you buy assets?
Is a car an asset if you only own one?
Yes.
Is interest income an asset?
Income of any kind is Revenue so... no - it is NOT an asset. However - the investment or savings that earned you the interest IS.
Journal entry for new car purchase?
[Debit] Car Asset [Credit] Cash / bank
Which kind of problems are the easiest to solve?
asset and liability management
What kind of an account (asset liability etc.) is Allowance for Doubtful Accounts and is its normal balance a debit or a credit?
What kind of an account (asset, liability, etc.) is Allowance for Doubtful Accounts, and is its normal balance a debit or a credit?
Is a car considered an asset for financial aid to college?
Yes! A car is definitely considered an asset for financial aid to College. consider an area w/no public transportation. You need to be able to get back and forth, for continual productivity.
