what is the difference between a fixed asset and other asset?
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The Bottom Line Current assets are short-term assets that are typically used up in less than one year. Current assets are used in the day-to-day operations of a business to keep it running. Fixed assets are long-term, physical assets such as plant and equipment. Fixed assets have a useful life of more than one year.
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In business, the term fixed asset applies to items that the company does not expect to consumed or sell within the accounting period. ... Examples of fixed assets include manufacturing equipment, fleet vehicles, buildings, land, furniture and fixtures, vehicles, and personal computers.
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They are divided into three categories: current assets, fixed assets, and other assets. ... Included in the “other current assets” category are loans to shareholders, also known as due to shareholders. Some business owners will not pay themselves a salary, preferring to take drawings, which they must deal with at year-end.
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Fixed Assets. 1. Long-term tangible assets owned by the business and are used in the normal operations of the business.
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Bonds / Fixed Income Investments include bonds and bond mutual funds. They're riskier than cash equivalents but are typically less risky to your principal than stocks. They also generally offer lower returns than stocks. Stocks / Equity Investments include stocks and stock mutual funds.
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Financial Assets. Although they are lumped together as tangible assets, real assets are a separate and distinct asset class from financial assets. Unlike real assets, which have intrinsic value, financial assets derive their value from a contractual claim on an underlying asset that may be real or intangible.
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Fixed assets are owned by the business and used to generate revenue, while inventory is a current asset because it is reasonable to expect it can be converted into cash within one business year. From an accounting perspective, fixed assets and inventory stock both represent property that a company owns.
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Fixed Assets on the Balance Sheet Fixed assets appear on the company's balance sheet under property, plant, and equipment (PPE) holdings. ... In a financial statement, noncurrent assets, including fixed assets, are those with benefits that are expected to last more than one year from the reporting date.
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Liquid assets are, well, liquid. ... While a fixed asset is tangible, something you can touch, most liquid assets are intangible. Short-term securities, checking and savings accounts, and even some short-term bonds are considered liquid assets. These are things that allow you access to money fairly quickly.
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Net Fixed Assets is the purchase price of all fixed assets (Land, buildings, equipment, machinery, vehicles, leasehold improvements) less accumulated Depreciation, i.e. effectively property, plant and equipment after depreciation.
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A house, like any other object that comes into your possession, is classified as an asset. An asset is something you own. A house has a value. Whether you assign the value as the price at which you purchased the house or the price at which you believe you can sell the house, that amount is how much your house is worth.
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Fixed assets are recorded as a debit on the balance sheet while accumulated depreciation is recorded as a credit–offsetting the asset. Since accumulated depreciation is a credit, the balance sheet can show the original cost of the asset and the accumulated depreciation so far.
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Current assets are short-term assets that are typically used up in less than one year. Current assets are used in the day-to-day operations of a business to keep it running. Fixed assets are long-term, physical assets such as plant and equipment. Fixed assets have a useful life of more than one year.
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Any tangible item not consumed within one accounting cycle (typically a year) and providing long term utility is referred to as a Fixed Asset. ... Examples of tangible items include tools, site development costs (pavement, curbing, light poles, even trees), structures and trucks.
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Fixed capital investments represent the acquisition and maintenance of long-term assets. A fixed capital investment can be tangible asset, such as a building, or an intangible asset, such as an intellectual property. Working capital refers to the deployment of financial resources in the day-to-day business operations.
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The term “write-off” refers to the value of the asset,(the amount written off) not the asset itself. Fixed asset disposal on the other hand involves the removal of the asset itself, and the associated economic impact of it. That is, gain or loss.
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Fixed Income X Variable Income Gains or losses on initial capital; In fixed income the investor does not lose the capital that is applied initially, even if the interest is not a great thing; In variable income, if the interest is negative, the investor may lose part of the money invested initially.