Discuss the nature of acquiring fixed assets?

Q: Who should authorize disposal of fixed assets?

A: Disposal of Fixed Asset: Disposal of fixed asset is a process of selling off the asset whose…

Q: Is long term investment is classified as non-current assets?

A: Generally, the liquidity of the assets plays a significant role in determining whether they are…

Q: What entry is made when selling a fixed asset?

A: Following entry is passed when selling the fixed assets:

Q: How can we determine the Acquisition of Fixed Assets?

A: Fixed Assets- Fixed Assets are those assets which are acquired for the purpose of: production or…

Q: What does General requirements for loan closing of land development?

A: The last step in financing or buying any land is known as the closing of a loan. The term settlement…

Q: definition of alternative current assets investigation policies

A: Alternative Current Assets Investigation Policies This approach which was used in the current assets…

Q: Required Determine the capitalized cost of the asset.

A: Step 1 Hello. Since your question has multiple parts, we will solve first question for you. If you…

Q: how to get amortization?

A: Amortisation is an accounting technique used to lower down value of loan amount or intangible assets…

Q: Define the term depreciation recapture?

A: Depreciation recapture is the earnings acknowledged by the offer of depreciable capital assets that…

Q: Identify the items included in the cost of a self-constructed asset and determine the amount of…

A: The self-constructed asset costs included in the asset cost are as follows direct materials direct…

Q: Discuss the rationale of using total assets as a basic in determining materiality.

A: The concept of materiality is fundamental to the entire audit process and is applied by auditor.  1.…

Q: What costs should be included when measuring the total cost to acquire a long-term asset?

A: Long-term assets: The assets which are used to generate revenue for the business operations for a…

Q: What is permanent operating current assets?

A: Current assets: A current asset is a corporation's cash and its other assets that are anticipated to…

Q: Why must the Engineers consider the effective use of fixed capital assets?

A: Engineer indulge in numerous process of decision-making such as manufacturing, financing, and…

Q: Which movable assets those are not considered as leasehold improvements?

A: Lease: Lease is a contractual agreement whereby the right to use an asset for a particular period of…

Q: give the definition, recognition, measurement and derecognition of investment property

A: Speculation property are going to be property (tructure or part of a structure each) control (by the…

Q: How can we determine the amount of new fixed assets?

A: Fixed asset is a long term asset from which economic inflows are expected to generate to company for…

Q: What is the motivation for a sale-leaseback of the land?

A: Lease is the agreement between the two parties that is lesser and lessee where lesser allows the…

Q: Explain how to determine the cost of an asset.

A:

Q: How do you identify intangible assets such as usufruct in modern transactions? Justify with examples

A: In a usufruct, the property rights of usus and fructus are merged. Usus refers to the right to use…

Q: What is the role of financial intermediaries in asset transformation? Briefly explain along with the…

A: Financial intermediaries are the entities involved in mobilizing the funds between two parties, one…

Q: Explain about the existence of an active market in relation to the intangible assets and the…

A: Here discuss about the details of intangible assets and its valuation and accounting treatment which…

Q: What are the requirements of depreciating an asset?

A: Depreciation is a non-cash expense which is charged against the use of the fixed assets of the…

Q: What document shows when fixed assets are fully depreciated?

A: Depreciation: Depreciation means decrease in the value of tangible asset. Depreciation is a…

Q: Describe the important properties of fixed assets?

A: Since you have posted a question with multiple questions, we will solve the first question for you.…

Q: Describe the Amortization of Intangible Assets.

A:

Q: Define Amortization.

A: Amortization: It is the process of allocating the value of an intangible asset over its definite…

Q: Explain Diversification by Property Type and Location?

A: The question is based on the concept of diversification in field of real estate investment.…

Q: is tool considered as current assets?

A: Assets are the resources owned by the company. They are acquired with an intention to sell or to…

Q: How do you identify intangible assets such as usufruct in modern transactions

A: Goodwill, brand awareness, and proprietary information like as patents, trademarks, and copyrights…

Q: What is the cost of right of use of asset?

A: Given in the question: Sales Price 20,000,000 Fair Value 18,000,000 Carrying Amount…

Q: hat are the reason for seeking an acquisition of intangible assets?

A: Intangible assets: Intangible assets are non-physical assets, can't be seen but can be identified…

Q: Discuss and evaluate the impacts of an asset revaluation on future financial statement? Use and…

A: Impacts of an asset revaluation on the future financial statement: Revaluation of assets leads to…

Q: Property plant and equipment are considered what type of asset?

A: basically classification of asset is done based on the nature of the asset .there are two types of…

Q: Define the term the depreciable life of the asset?

A: Depreciation  is an accounting process through which allocation of an asset’s cost during its useful…

Q: What are the various types of short term assets? Name them.

A: Short-term assets: Short-term assets are current assets whose benefit can be benefited within a…

Q: Describe the characteristics, valuation, and amortization of intangible assets.

A: Intangible Assets: These are the long-term assets having no physical existence. However, the…