Why land building machinery is not current assets
Atharv Sankliya (1359 Points)
27 November 2021
why land building machinery is not current assets??
3 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 27 November 2021
Current assets have a life span of one year only.
Atharv Sankliya
(1359 Points)
Replied 27 November 2021
But land building machinery can also be sold in before and after one year ??
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 27 November 2021
Yes. Held for sale period can be immediate or one year. During this period, you have to stop depreciation
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