Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Fixed asset or Intangible asset (https://www.askmehelpdesk.com/showthread.php?t=46068)

  • Dec 1, 2006, 08:58 PM
    playton
    Fixed asset or Intangible asset
    Is the U.S. Treasury Note. A Fixed or Intangible Assets.
  • Mar 19, 2009, 02:13 AM
    ROLCAM

    It is neither!
    It should be shown under another heading
    Called INVESTMENT ASSETS.
  • Sep 25, 2009, 02:10 PM
    Elbilli
    Quote:
    Originally Posted by ROLCAM View Post
    It is neither !!
    It should be shown under another heading
    called INVESTMENT ASSETS.
    Investment asset is an intangible account.
  • Sep 26, 2009, 04:33 AM
    ROLCAM

    Investment Assets are very much a TANGIBLE
    ACCOUNT.
  • Nov 14, 2011, 06:43 PM
    Acct09
    Under US GAAP:

    If the original maturity of your treasury note is 90 or less it should be cash and cash equivalents.

    If original maturity is greater then 90 days, it's an investment.

    If it's a marketable security then it requires certain investment disclosures.

    • All times are GMT -7. The time now is 10:27 PM.