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The major difference between the service life of an asset and its physical life is?
Wiki User
∙ 13y ago
service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last.
Wiki User
∙ 13y ago
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Why is density considered to be a property?
In this context, property does not mean a financial asset that is owned, but a characteristic. Any physical object has mass and it occupies space. Both these are essential characteristics - or properties - of matter. Divide the mass by the volume and you have another characteristic or property and this one is called its density.
How would you define material?
The definition of material resource is an asset in the form of material possessions. It can be anything of value owned by a company or individual.
When can friction not be useful?
friction is generally useful only if u consider the instances of walking and writing using the friction between pen and paper but otherwise it is mostly not useful as an example the parts of a machine can get regularly damaged due to friction in between the various parts and reduce its lifeAnother contributor wrote: We can learn a lot about the natural attributes of friction from nature. Nature, over millions of years, has adapted to various environments both to use friction and avoid its "un-useful" effects. For example, friction wears down joints between bones in the human anatomy. However, to avoid damaging friction, the body utilizes remarkable articular cartilage -- 80% water suspended in a porous material -- to absorb blows and reduce friction. While remarkably durable, over time, friction can wear away at the cartilage eventually creating pain and arthritis. So, in this instance, friction is both good and bad. The friction between feet and the ground produce movement, but the friction between the joints can eventually produce the failure of those joints.Friction enables birds to fly, snowflakes to grow, and gazelles to run; but it also slows down the universe, creates damaging heat in electronics and wears down the tires on your car.It is both positive and negative -- an asset and a liability. The trick is to make it work for you while minimizing its negative affect.Anytime you want speed.when is "friction" not usefullThere are a lot of times where you do not want any friction, like if you go bowling. Or if you like to play curling.When you want travel at a constant speed for example.If an object was at a constant speed and you wanted it to stay at that speed without a resultant force, there would have to be no friction (and no drag). This would be useful as it wouldn't require energy to stay at that speed. Free energy, but it doesn't exist unfortunately.
What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
The difference between the cost of an asset and the accumulated depreciation for that asset is called?
Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.
Differentiate between net asset aur current asset?
Working capitol is the difference between net asset and current asset.
What is the difference between an expense and an asset?
An asset will have benefits extending into the next accounting period
What is difference between fixed asset and non current asset in detail?
assests means
What is the difference between physical assets and financial assets?
A physical asset is something tangible that is owned such as equipment, cash, and inventory. Financial assets refer to things such as stocks and bonds, which have value but are not tangible.
What is the difference between current asset and liquid asset?
liquid asset can be converted into cash within a very short span of time...
What is the difference between asset management and private banking?
The difference between asset management and private banking is the source of the money. In asset management, the money comes from financial and insurance companies as well as certain funds. In private banking, the money is from individuals.
What is the difference between accumulated depreciation and an depreciable asset?
Depreciable asset - accumulated depraecation = net of Depreciable asset (PPE) Which is the reported PPE(net)
What is the difference between real asset and financial aseet?
fair and ethics
What is the difference between asset based lending and cash flow based lending?
The difference between asset based lending and cash flow based lending is that asset based uses things you own, while cash flow means what you earn in a month.
What is difference between an asset and an expense?
An asset is a debit entry on the balance sheet. It represents a physical item of value, an intangible item of value such as goodwill, or a debtor to the business. An expense is a debit entry on the profit and loss account, and represents a cost to the business.
