Is equipment a current asset?

Question

484 viewsMarch 29, 2021Accounting

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Anderson December 2, 2012 0 Comments

Let’s say that a company buys equipment. Is it recorded as a current asset, a non current asset or is it judged on a case by case basis?

score 0 · Answer 1 · 2012-12-02T17:03:20+00:00

Equipment is part of the property, plant and equipment which is the fixed asset line. So they are not part of the current assets.