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 for Buick. In 1909, GM purchased the Rapid Motor Vehicle Company of Pontiac, Michigan, forming the basis of the General Motors Truck Company, from which the GMC Truck brand name was derived. (Rapid was established on December 22, 1901, by Max Grabowsky.