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Hello
Can an item be classified as a Fixed Asset if it is not yet put into use?
I think that if it will be intended for use then it can be classified as a FA.
Thank you Ali, and congratulations on your promotion to “tutor” status!
Cara, the asset will be shown as a fixed asset (tangible non-current asset for our international community)
However, it will not be subjected to depreciation until it has started to be used
OK?
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