Tag Archives: #CurrentAssetValue

Why is depreciation on current assets?

Depreciation on current assets Depreciation is not charged on current assets because they are not expected to last for more than one year and are not considered long-term assets. Current assets include items like inventory, accounts receivable, and prepaid expense. Which can expect to use up or sell within a short period of time. As… Read More »

Is inventory asset classification current or non-current asset?

Inventory Asset Classification Inventories is typically categorized as a current asset in the balance sheet of a business. Inventory Asset Classification is because inventory expect to sell or consume within the normal operating cycle of the business, which is usually within one year. However, if the inventory is held for a longer period of time,… Read More »

Iconic One Theme | Powered by Wordpress