For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.
Together with its partners GM produces cars and trucks in thirty four countries, and sell these vehicles by the following brands: Chevrolet, Cadillac, GMC, Buick, Holden, GM Daewoo, Opel, Vauxhall and Wuling.
General Motors was founded by William C. Durant on September 16, 1908 as a holding company after a 15-year contract with the McLaughlin's of Canada. Initially, GM held only the Buick Motor Company, but it rapidly acquired more than twenty companies including Oldsmobile, Cadillac, and Oakland, now known as Pontiac.