Are equipment a current asset?

Question

465 viewsDecember 3, 2012Accounting

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Gibson December 2, 2012 0 Comments

Is equipment recorded as a current or a non current asset when a company buys it? What if the equipment is expected to last only for a few months?

score 0 · Answer 1 · 2012-12-02T17:08:19+00:00

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Howell Posted December 2, 2012 0 Comments

Equipment is a fixed asset and fixed assets is part of the non current assets.