What is the difference between tangible and intangible capital assets?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Tangible assets have a physical presence ie can be touc...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Question Posted:
Students also viewed these Accounting questions
-
What is the difference between tangible and intangible long- term assets?
-
What is the difference between tangible and intangible benefits? Identify five tangible benefits that are frequently associated with an information system.
-
What is the difference between tangible and intangible assets ? Give an example of each.
-
With the CARES Act costing over $2 trillion and the federal government facing a significant decline in tax revenue, explain the effectiveness of fiscal policy using the three claims outlined in the...
-
How does the type of decision process affect the postpurchase processes?
-
According to both the Bohr model and the quantummechanical model, the energy of the hydrogen atom can be calculated from the quantum number n with the following equation: Express the energy, in...
-
What is the formula for the value of a forward contract in terms of the forward price?
-
Top managers of Kyler Industries predicted 2014 sales of 14,800 units of its product at a unit price of $ 8.50. Actual sales for the year were 14,600 units at $ 10.50 each. Variable costs were...
-
Lord Kit Meowington has come to the terrible realization that one day he may die. Traumatized as he is by this eventuality, he has decided to listen to his lawyer, Mr. Pongo's, advice and prepare a...
-
Due to a product upgrade, two new operations are need for the new version of the part mentioned in Practice Problem 1. Operation 3 is a high-precision drilling operation. Machine 3 has a mean time to...
-
Refer to the facts in A9- 7. Required: For each of the above items, using ASPE, give the name of the account to which the expenditure should be charged; that is, what account should be debited? Be...
-
What is component accounting?
-
Dimsdale Sports, a merchandising company, reports the following balance sheet at December 31. To prepare a master budget for January, February, and March, use the following information. a. The...
-
How might an HCO (health care organization) identify these ideas to adjust its strategies? Using the following strategies: Directional, Adaptive, Market Entry, Implementation and Competitive...
-
Describe the steps that should be taken to ensure a smooth handover of the project output from the project team to the client and the eventual users. These are steps that should take place before and...
-
Provide a comprehensive analysis of the policy Affordable Care Act. Include the following: Describe the model used for policy analysis. Discuss the problem the policy addresses. Identify the...
-
How will you as a health care manager ensure regulations are applied in your organization to maintain compliance? Provide an example. Discussion 2 What would you do if you were a new CEO and found...
-
Instructions: In order to ensure that you are truly grasping the assigned readings, each week students are required to submit (approximately) a one fiftey-word essay on: questions. Since this is an...
-
Summarised cash flow statements for the year ended 30 June 2019. Comment on the cash flow of the three companies. Cash flow from operations Cash flow from investing Cash flow from financing Change in...
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
Assume that you are the controller of a business that provides legal services to clients. Suppose that the company has had a tough year, so the revenues have been lagging behind, based on previous...
-
Assuming the following account balance changes for the period, what is the missing value? Assets Liabilities Common stock Dividends Revenue Expenses $246,300 ? 160,000 30,000 245,800 175,000
-
Which of the following terms is used when assuming a business will continue to operate in the foreseeable future? A. Separate entity concept B. Monetary measurement concept C. Going concern...
-
The Jamaican labour laws/regulations are irrelevant in today's society given that organizations have been developing sound industrial relations policies and programmes to maintain sound, harmonious...
-
Discuss the challenges faced in reinforcing various labour laws ?
-
A closed tube has a diameter of 0.042 m when it is vibrating the 2nd overtone. The velocity of sound is 345 m/sec. If the frequency of the sound is 440 Hz, what is the length of the tube?
Study smarter with the SolutionInn App