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atluriram
atluriram, Professor
Category: Homework
Satisfied Customers: 533
Experience:  MASTER OF COMMERCE, BACHELOR OF LAWS, COMPANY SECRETARY QUALIFICATIONS
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for jabi The equipment that is being rented, and I state

Customer Question

for jabi

The equipment that is being rented, and I state this under the assumption that they company is the one who is renting the equipment to another party, I would consider it to be a fixed asset. It is a resource that is converting to cash inflow in increments (typically on a monthly payment schedule) and because it is a longer-termed property of the organization

So, would you change your answer if the company was still offering the equipment for sale while it was being rented out?

250 words. 3 dollars.
Submitted: 5 years ago.
Category: Homework
Expert:  atluriram replied 5 years ago.

atluriram :

Sir/madam

atluriram :

I herewith submit the answer. You can download here

atluriram :

With regards

atluriram :

atluri ramesh

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