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-   -   What is included in the total asset? (https://www.askmehelpdesk.com/showthread.php?t=577276)

  • May 20, 2011, 02:58 AM
    ecolet
    What is included in the total asset?
    Does total asset mean current asset + noncurrent asset? And is it different from what they call average asset?

    Thanks
  • May 20, 2011, 04:33 AM
    Just Looking

    Yes, total assets are current plus non-current assets. Average assets are the average of two years. The formula would be: (total assets current year + total assets of previous year)/2
  • May 20, 2011, 04:47 AM
    ecolet
    Quote:

    Originally Posted by Just Looking View Post
    Yes, total assets are current plus non-current assets. Average assets are the average of two years. The formula would be: (total assets current year + total assets of previous year)/2


    Thanks.. it's a big help.. thanks again. :)

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