Fixed Asset

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Related to Noncurrent asset: current assets

Fixed Asset

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

References in periodicals archive ?
121 is applicable to determining impairment in all noncurrent assets in GAAP-based financial statements (including assets held by not-for-profit entities) except that the document is not applicable to the following:
Noncurrent assets include utility deposits, deferred income taxes, property and equipment, less depreciation costs.
0 million) from sales of noncurrent assets and JPY 1,725 million (US$21.
The assumed facts are: Purchase Transaction Information: Scenario A Scenario B Scenario C Purchase price (cash) $1,000,000 $725,000 $1,000,000 Acquisition expenses (cash) 31,000 31,000 31,000 Contingent consideration (based on future earnings) -- -- 82,000 Percent of affiliate shares acquired 100% 100% 100% Acquired Net Assets (at fair value) Current assets 415,000 415,000 415,000 Tangible noncurrent assets $1,200,000 $1,200,000 $1,200,000 In-process R&D (with no alternative uses) -- -- 67,000 Liabilities -780,000 -780,000 -780,000 Acquired net assets $835,000 $835,000 $902,000 To simplify the presentation, differences between Statement no.
In the chapter on noncurrent assets, for instance, there appears in the middle of a technical passage on amortization of intangible assets an interesting summary of FASB's handling of the goodwill controversy.
115 will be reported on the balance sheet as either current or noncurrent assets based on the same criteria as presently used in applying SFAS No.
This improvement reflected the improved operating income and a gain on the sale of noncurrent assets such as the Company's former Head Office.
IFRS 5, implementation guidance, Example 12, displays noncurrent assets (or disposal groups) classified as held for sale and the liabilities directly associated with them as the last rank of current assets and current liabilities, respectively, although their degree of liquidity within current items may vary depending on the specific circumstances.
This improvement mainly reflected the recording of a gain on sales of noncurrent assets such as patents related to plasma displays, and decreased income taxes.
Categories of identifiable assets, such as rate disclosures of current and noncurrent assets or of inventory; net property, plant and equipment; and goodwill
A GASB preliminary views document, Implementation of GASB Statement Number 11, recommends keeping the effects of noncurrent assets (such as noncurrent intergovernmental revenues and certain prepaid items) and noncurrent liabilities (such as compensated absences and leases) out of the fund balance account.