Fastest non-Bullet moving object in sports? (self.SmarterEveryDay) submitted 9 months ago by martial___law
Fixed assets are retained in the business for long periods, and generally each year a proportion of their original cost will be written off against PROFITS for DEPRECIATION to reflect the diminishing value of the asset. In a BALANCE SHEET fixed assets are usually shown at cost less depreciation charged to date. Certain fixed assets such as property tend to appreciate in value (see APPRECIATION, definition 1) and need to be revalued periodically to keep their BALANCE SHEET values in line with market values.
What are Intangible Assets? Intangible assets are the long-term assets of the company that do not have any physical existence. Some of the popular assets that come under intangible assets include copyrights, goodwill, non-compete agreements, patents etc. Intangible assets are acquired in small business combinations or are developed internally.