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1 year ago

Content area a leased asset will appear on the balance sheet as a long-term asset. true false'

1 answer:

8 0

The given statement is false. The liability for a leased asset should be shown separately in the balance sheet as a current liability or a long-term liability as the case may be.

<h3>What is leased asset?</h3>

A Leased Asset exists as an asset leased by the owner to another party in return for money or any other favor. While leasing an asset, the owner penetrates into a contract permitting the other party the temporary use of an asset.

Long-term assets exist as investments in a company that will benefit the company for many years. Long-term assets can contain fixed assets such as a company's property, plant, and equipment, but can also contain intangible assets, which can't be physically touched such as long-term investments or a company's trademark.

Hence, The given statement is false. A leased asset will appear on the balance sheet as a long-term asset. Revising depreciation estimates involves the amounts of depreciation expenses recorded in past periods. Land acquired as speculation exists reported under Investments on the balance sheet. The liability for a leased asset should be shown separately in the balance sheet as a current liability or a long-term liability as the case may be.

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Key name

How to use it

Shift

Press Shift in combination with a letter to type an uppercase letter. Press Shift in combination with another key to type the symbol shown on the upper part of that key.

Caps Lock

Press Caps Lock once to type all letters as uppercase. Press Caps Lock again to turn this function off. Your keyboard might have a light indicating whether Caps Lock is on.

Tab

Press Tab to move the cursor several spaces forward. You can also press Tab to move to the next text box on a form.

Enter

Press Enter to move the cursor to the beginning of the next line. In a dialog box, press Enter to select the highlighted button.

Spacebar

Press the Spacebar to move the cursor one space forward.

Backspace

Press Backspace to delete the character before the cursor, or the selected text.

Typing (alphanumeric) keys. These keys include the same letter, number, punctuation, and symbol keys found on a traditional typewriter.

Control keys. These keys are used alone or in combination with other keys to perform certain actions. The most frequently used control keys are Ctrl, Alt, the Windows logo key Picture of the Windows logo key, and Esc.

Function keys. The function keys are used to perform specific tasks. They are labeled as F1, F2, F3, and so on, up to F12. The functionality of these keys differs from program to program.

Navigation keys. These keys are used for moving around in documents or webpages and editing text. They include the arrow keys, Home, End, Page Up, Page Down, Delete, and Insert.

Numeric keypad. The numeric keypad is handy for entering numbers quickly. The keys are grouped together in a block like a conventional calculator or adding machine.

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