scooter is asset or liability
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asset...... but if you don't know to drive scooter then it can become a liability.
Plz mark as brainliest. Plz
Plz mark as brainliest. Plz
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Scooter is an " Asset ". As Scooter is a vehicle so, it comes under "Fixed Assets".
Explanation :-
"Assets" are the properties which help to yield/earn income.
e.g;- Cash, bank balance, plant & machinery etc.
"Fixed Assets" are those Assets which are meant for future use and has the property of depreciation or Appreciation. and also they are kept or used in a business for more than 1 year.
e.g;- Furniture, Land & building, Vehicles etc.
Explanation :-
"Assets" are the properties which help to yield/earn income.
e.g;- Cash, bank balance, plant & machinery etc.
"Fixed Assets" are those Assets which are meant for future use and has the property of depreciation or Appreciation. and also they are kept or used in a business for more than 1 year.
e.g;- Furniture, Land & building, Vehicles etc.
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