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How many types of fixed asset in accounting? What are they?

Please give your valuable answers

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Question added by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.
Date Posted: 2015/04/15
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

The various types of fixed assets are a little different, however. Fixed assets can be tangible or intangible such as:

  • Tangible Assets – These include things such as land, buildings, equipment, leaseholds on equipment, vehicles, signs, and furniture and fixtures.
  • Intangible Assets – These can include goodwill, patents, registered or trademarked names, and even telephone numbers, intellectual property, and websites if you ever plan on selling your business.

It’s easier to place a value on and depreciate tangible fixed assets versus intangible fixed assets.

Umar Draz zulfiqar ahmed
by Umar Draz zulfiqar ahmed , Sales Executive , Maqbool Furniture & Decor.

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 

 

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

Types of fixed assets are:

- Tangible Assets, such as Land, buildings, vehicles..etc.

- Intangible Assets , such as Goodwill, Trade mark, Software..etc. 

Bilawal Ali
by Bilawal Ali , IT Support , Orient provision & trading company

there are types of fixed asset2 debit and credit

Adel BENFIALA
by Adel BENFIALA , Central Administration Inspector , Ministry of Housing, Urban Planning and the City

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

 

SALMAN  THAHA
by SALMAN THAHA , manager account finance , Muthoot Fincorp Ltd

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

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Agree with Mr. Vinod Jetley

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

I agree with Mr. Vinod Jaitley answers

Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

There are two types of fixed assets.

1. Tangible ( Buildings, vehicles)

2. Intangible ( Patent, Goodwill. )

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I agree with all answers 

THANKS FOR INVITATION 

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