Land What type of account is it? A Current Asset B Fixed Asset C Current Liability D Long term Liability E Equity F Revenue G Expense
Content Asset disposals and discontinued operations Cost of Improvements Is Land a Current Asset? Balance Statements: Interest and Training Cost The recorded value of a tangible asset is its original acquisition cost less any accumulated depreciation. Current assets are generally listed at the very top of a balance sheet, followed first by the non-current assets […]