0
What else can I help you with?
Is salary an expense?
Yes. No , Its not a Expense. Its an Asset.
Cost is 410000 will be deprictated straight line to 0 for five years?
To calculate the annual depreciation using the straight-line method, divide the total cost of the asset ($410,000) by its useful life (5 years). This results in an annual depreciation expense of $82,000 per year. At the end of five years, the asset will have a book value of $0.
Is income from operations an asset or liability?
An asset.
How are asset classes selected?
differnces is of fixed asset and noncureent assets?
When does an accrued expense have to be paid?
An accrued expense is an accounting expense that is recognized in the books but has not yet been paid. It is usually a current expense. An accrued expense is paid when the due date for payment has reached, for example, wages are accounted for in the books before they are paid, but are usually paid either on a monthly or weekly basis depending on the policies of the company.
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is utilities asset or expense?
Expense
Is warranty expense a current or non-current asset?
An expense is not an asset at all.
Is expense a asset or liability?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is rent expense an asset or liability?
Its an asset.
Is salary an expense?
Yes. No , Its not a Expense. Its an Asset.
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is freight a current asset or non current asset?
it is a expense
What does an asset expense relationship exist with?
prepaid expense adjusting entries
What is nature of Prepaid expense?
Asset
Is salaries expense an asset?
no it's not
