The uniform stacking of layers of nacre below the surface of the shell also causes interference effects that contribute to the iridescent colors. The pearl derives its iridescence from the diffraction and interference of white light, caused by tiny overlapping platelets of calcium carbonate.
like assets many liabilities are intuitive however there may be some instances where a liability needs to be recorded although the company may not have perceived it as one an example of this would be a finance lease where there is no present obligation to pay the future lease payments
Fixed Asset. Definition: A fixed asset is an item with a useful life greater than one reporting period, and which exceeds an entity's minimum capitalization limit. A fixed asset is not purchased with the intent of immediate resale, but rather for productive use within the entity. An inventory item cannot be considered a fixed asset, since it is purchased with the intent of either reselling it directly or incorporating it into a product that is then sold. The following are examples of general categories of fixed assets: 1  Buildings. 2  Computer equipment. 3  Computer software. 4  Furniture and fixtures.