- This topic has 5 replies, 3 voices, and was last updated 11 years ago by
.
Viewing 6 posts - 1 through 6 (of 6 total)
- Posts
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?
Viewing 6 posts - 1 through 6 (of 6 total)
- You must be logged in to reply to this topic.