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V A L U A T I O N O F F I X E D A S S E T S
Introduction:
In Business and Accounting, Assets are everything of value that is owned by a person or company. It is a claim on the property your income of a borrower. The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Financial statements disclose certain information relating to fixed assets. In many enterprises these assets are grouped into various categories, such as land, buildings, plant and machinery, vehicles, furniture and fittings, goodwill, patents, trade marks and designs.

Definition:
According to Accounting Standard-10 “Fixed asset is an asset held with the intention of being used for the purpose of producing or providing goods or services and is not held
for sale in the normal course of business.”

In other words Fixed assets are held by an enterprise for the purpose of producing goods or......

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Approximate Word Count: 1831
Approximate Pages: 8 (250 words per double-spaced page)

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