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The various types of fixed assets are a little different, however. Fixed assets can be tangible or intangible such as:
It’s easier to place a value on and depreciate tangible fixed assets versus intangible fixed assets.
There are two types of Fixed Assets which are fallowing,
1: Tangible
2: Intangible
Assets which we can touch are called tangible assets i.e motor truck, building, furniture etc.
Assets which we cant touch only felt and has the market value are called intangible assets i.e goodwill, trademark etc
Types of fixed assets are:
- Tangible Assets, such as Land, buildings, vehicles..etc.
- Intangible Assets , such as Goodwill, Trade mark, Software..etc.
there are types of fixed asset2 debit and credit
There are two: Tangible and Intangible Assets.
Tangible Assets such as: land, buildings, equipment ...etc.
Intangible Assets such as: goodwill, patents...etc.
Land & Building
Plant & Machinery
Office Equipment
Vehicles
In accounting the types of Fixed Assets can be classified int two:
1) Tangible Assets.
2)Intangible Assets.
Tangible Assets are those which can be touched and felt. Eg:- Buildings, Machinery, Vehicles, Furniture.
Intangible Assets are those which cannot be touched or felt, but they form an asset of the organisation. Eg:- Patents , Trademarks, Goodwill etc..
Depreciation happens in case of Tangible Assets, While Amortisation happens in case of Intangible Assets
Agree with Mr. Vinod Jetley
I agree with Mr. Vinod Jaitley answers
There are two types of fixed assets.
1. Tangible ( Buildings, vehicles)
2. Intangible ( Patent, Goodwill. )
I agree with all answers
THANKS FOR INVITATION
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