Which of the following are criteria for determining whether to record an asset as a fixed asset?
a. must be an investment and long-lived
b. must be tangible and an investment
c. must be long-lived and used by the company in its normal operations
d. must be short-lived and tangible
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following are criteria for determining whether to record an asset as a fixed asset? a. must be an investment and long-lived b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What do you mean Business Enviroment and Economic Enviroment respectivley?
Answers (1)
in a mass production of machining the cutting speeds are 100,200, 300 ft./minute and the corresponding production rates (P) are 8,12 and 10 parts per hour respectively.
Answers (1)
Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted and came up with one of the weakest glues ever made.
Answers (1)
A bank borrows $100,000 from the fed, leaving a $100,000 treasury bond on deposit with the fed to serve as collateral for the loan.
Answers (1)
A nondurable good is defined as a (n) A. item consumed in one or a few uses. B. item that usually lasts over an extended number of uses. C. item that lasts at least one year without becoming obsolete. D.
Answers (1)
New Questions in Business
Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?
Answers (1)
Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. How much do these housing services contribute to GDP?
Answers (1)
What happens to the percentage of tax as the income that is taxed?
Answers (1)
he terms of a percentage lease state that rent is 4% of sales up to $100,000 and 2.5% of sales over $100,000. Your business plan projects monthly sales to average $270,000 per month. There is a $250 per month maintenance fee.
Answers (1)
When ann taylor, a well-known retailer of sophisticated women's clothing, started losing sales to its own loft outlets that feature moderately priced casual clothes, ann taylor was dealing with the marketing phenomenon known as _?
Answers (1)