1.

Classify the assets under computerised asset accounting.

Answer»

Assets are classified into the following categories:

1. Goodwill 

2. Land: Freehold and leasehold

3. Building: Factory, offiice  & residential building 

4. Plant & Machinery 

5. Furniture and fixtures 

6. Vehicles 

7. Work in progress (Capital) 

8. Other assets



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