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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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natka813 [3]

Answer:

A Document is a virtual paper that you can type on

Explanation:

A piece of written or electronic paper that provides information or evidence or that serves as an record.

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2 years ago

Using the functions from problems 1 and 2, write a MATLAB script to compare the laminar results from to the turbulent results. C

suter [353]

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<h3>How is boundary layer thickness calculated?</h3>

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9 months ago

Step 1: Configure the initial settings on R1. Note: If you have difficulty remembering the commands, refer to the content for th

Andru [333]

Answer:

The configuration of the R1 is as follows

Explanation:

Router>enable

Router#show running-config

Router#show startup-config

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2 years ago

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Answer:

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