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Fixed assets lead to the generation of operational revenue; hence they are very important and needs proper valuation. Therefore students might require guidance for valuation of fixed assets assignment help online.
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Definition of fixed assets:
Fixed assets are also known as tangible assets or property, plant, and equipment. This term is used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets
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Valuation of fixed assets
Fixed assets are assets used for producing goods and services for long term basis and not sold or purchased for day to day business activities. They hold a significant portion of the total assets. Valuation of fixed assets comprises of purchase price, discount given and inclusive of all taxes and any other direct or indirect cost to bring the asset in working condition. Value of fixed assets is also subjected to exchange fluctuations, price adjustments, changes in tax and duties. To start a business valuation
Of fixed assets are very important, because it helps us to know the total cost to start a business. And later the same valuation will help us revaluate the cost of those assets.
Types of fixed assets
There are different types of fixed assets like structures or buildings, Furniture, land, equipment, motor vehicles. Fixed Assets can be of two types movable and unmovable. In business’s balance sheet fixed assets are categorized as an intangible, financial or concrete investment. Later the type of fixed asset also helps us to know whether the price of the asset going to depreciate or appreciate.
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