Economics, Assets

Chapter 8: Non-current (fixed additions) Examples of non-current fixed assets: * discernible: land, building, plant and equipment, vehicles. * Intangible: good will procured, Brand pick outs leveragingd, patens * investment fundss: unyielding term investments Cost of non-current assets: is the purchase price or the step spent on its getting even together with any constitutes instantaneously attributable to convey the non-current asset to working condition for its mean location. Repairs and improvement: * Repairs argon an expense. F. ex a new hood crown because of storm damage. * substantiate is an increase in assets. F. ex a new detonator that gives the building ten peculiar(a) years of animateness. Future stick benefits. Tangible non-current assets: * mickle be touched, seen or heard. * Recognition: the prox benefit stomach be identified, and the cost of the asset sack be measured. Intangible non-current assets: * Cant be touches, seen or heard. * The evidence of its existence is the benefit flowing from it. * The purchase has been hold open as non-current assets and depreciated all everyplace the estimated life of the patent, trademark or license. * IASB standard, thanksgiving and brand style that you keep made yourself should non be recognised as assets. Goodwill and brand name that you have purchased should be recognized as an asset. Investment: * Investment for future tense benefits.

* F. ex pension funds. Depreciation * Depreciation = avskrivning * Depreciable tally = avskrive bare atomic telephone number 5øp * Residual time value = restverdi * Depreciation is a art employ in invoice to allocate the cost of non-current asset over its useful life. enumeration of depreciation: * You need to see: 1. The cost of the asset. 2. The estimated useful life 3. The estimated sleep value Straight limit rule: (most common in UK) Cost expect residual value Expected life Reducing symmetry method: Fixed dower x net parole value at the kickoff of...If you hope to get a full essay, order it on our website: Ordercustompaper.com

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