Operating assets are long-lived assets that are used in normal business operations. They are not held for resale to customers. Investments in operating assets are essential to the success of most businesses. There are three major categories of operating assets: property, plant, and equipment, sometimes referred to as plant assets or fixed assets; natural resources; and intangible assets. Property, plant, and equipment includes land; land improvements, such as driveways, parking lots, fences, and similar items that require periodic repair and replacement; buildings; equipment; vehicles; and furniture. Natural resources, such as timber, fossil fuels, and mineral deposits, are created by natural processes that may take thousands or even millions of years to complete. Companies use up natural resources by cutting or extracting them, so natural resources are sometimes called wasting assets. Intangible assets, which lack physical substance, may nevertheless provide substantial value to a company. Patents, copyrights, and trademarks are examples of intangible assets.
-- On Sat, Jun 25, 2011 at 2:31 PM, Asad Munir <mc090402550@gmail.com> wrote:
Operating assets are long-lived assets that are used in normal business operations. They are not held for resale to customers. Investments in operating assets are essential to the success of most businesses. There are three major categories of operating assets: property, plant, and equipment, sometimes referred to as plant assets or fixed assets; natural resources; and intangible assets. Property, plant, and equipment includes land; land improvements, such as driveways, parking lots, fences, and similar items that require periodic repair and replacement; buildings; equipment; vehicles; and furniture. Natural resources, such as timber, fossil fuels, and mineral deposits, are created by natural processes that may take thousands or even millions of years to complete. Companies use up natural resources by cutting or extracting them, so natural resources are sometimes called wasting assets. Intangible assets, which lack physical substance, may nevertheless provide substantial value to a company. Patents, copyrights, and trademarks are examples of intangible assets.
On Sat, Jun 25, 2011 at 2:31 PM, Asad Munir <mc090402550@gmail.com> wrote:
Operating assets are long-lived assets that are used in normal business operations. They are not held for resale to customers. Investments in operating assets are essential to the success of most businesses. There are three major categories of operating assets: property, plant, and equipment, sometimes referred to as plant assets or fixed assets; natural resources; and intangible assets. Property, plant, and equipment includes land; land improvements, such as driveways, parking lots, fences, and similar items that require periodic repair and replacement; buildings; equipment; vehicles; and furniture. Natural resources, such as timber, fossil fuels, and mineral deposits, are created by natural processes that may take thousands or even millions of years to complete. Companies use up natural resources by cutting or extracting them, so natural resources are sometimes called wasting assets. Intangible assets, which lack physical substance, may nevertheless provide substantial value to a company. Patents, copyrights, and trademarks are examples of intangible assets.
On Sat, Jun 25, 2011 at 1:59 PM, mc090406697 Abdur Raoof <mc090406697@vu.edu.pk> wrote:
Dear Team,Comments please1.Can we take intangible asset under the head of Fixed Asset?
i have take b/m accounts under the head of fixed asset for ratio anaylysisFixed Asset = Property,Plant & equipment + Capital work in Progress + Intangible Assets2. Which accounts belongs to Operating Assets?Stock-in-Trade................Operating AssetTrade Debts....................?????????????Loan & Advances.............Operating AssetDeposit & Prepayment......?????????????Receiveables.....................Operating AssetAccrued markup.................?????????????Short term investment.........?????????????Bank Balances & cash.........Operating AssetStores & Spares..................Operating AssetRecoverable from tax Authorities..??????????Regrads
On Sat, Jun 25, 2011 at 10:50 AM, Asad Munir <mc090402550@gmail.com> wrote:
--Dear FellowsPls paste your queries in this thread for discussion
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