Question

1) Long Term Assets are typically called this on a Balance Sheet "___________, _____________, _______________"

2) What are "intangible assets"?     What are these for American Airlines?

3) What type of companies typically have more tangible assets than intangible assets?

4) Do "acquisition costs" affect the balance sheet and future income statements?

Answer 1

i Long term Assets are mainly those Assets whose life is more than one year or whose befits are derived by Company for more than one year. In Balance sheet they shown Under the Head Hon - corrent Assets aros following: - i fixed Assets (11) long-term Investment (11) long term Advances. in hoodwill 90 "Long term Assets are typically a Balance sheet" fixed Assets called this on Goodwill, long-term Investment 11 Intangible Assets are those Properties of a Bussiness that can not be physically Visible but have a Indirect effect on the business. Every Business have a intangible Assete in some ways for eg Dominos have its Recipie through which it has franchise all over the world for American Airline its Trade Mark is a P.T.O

Intangible Assots and not Copy Right goodwill etc Intangible Assets, only trade Mark its Patent, all these Properties are its Companies that have more tangible Assets are than Intangible are as following tour Realstate to contato (a) Real estate companies! - Real estate sector have More tangible Assets such as their Machineryes, equipments, tools, and Building they build are the & Main tangible Drets. (6) Construction Companies: - Construction companies are those who build the Roads, Complex, buildings and other Phisical Propertion and for building Por Properties they require high Amt of Machinaries, Vichides, equipments, tools, etc, and these Vehicles Supporting Propering are known's as these Tangible assets.

1 Yes, Acquisition Costs affect the balance Sheet and future Income statement, See when a Company Acquire any Plant, Manchinary or equipment it Paid an Amount as a last for that and then Recognise that Cost after adjusting Capital Expenditure and Discount, into the Balance sheet as a value for the Machinery In Current year. How, every year Company Company estrictede depreciate that machinary with a fixed Method of depriciation and then clairge that Depreciation to Income statement against Income, which diretly decrese the future Income