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General Accounting Discussions: fixed assets

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  1.  
    • CommentAuthorhanan
    • CommentTimeApr 28th 2007
     
    i need help
    is showing the fixed assets on the balance sheet with its original cost ,less an estimated amount of depreciation is the best way
    • CommentAuthorabril
    • CommentTimeMay 1st 2007
     
    i believe so since historical cost are more objective.
    • CommentAuthorAbusamak
    • CommentTimeMay 1st 2007 edited
     
    hello,
    of course this is the best way to record plant assets (using historical cost principle).

    good luck
    • CommentAuthoraakbar
    • CommentTimeMay 8th 2007
     
    it depends country to country, some stats a/cs keep provission for depreciation and it shows on liability side. and the F.A alonee at it it's cost on the asset side
  5.  
    here is a comprehensive look at depreciation of fixed assets...

    http://vitalbusinessinfo.blogspot.com/2009/10/depreciation-of-fixed-assets.html
  6.  
    aakbar is right because it depend on that where you live and you are doing what kind of business!

1 to 6 of 6

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