How do I create a new fixed asset account with an account type: Fixed Asset, detail type: Machinery & Equipment, name: Equipment and track deprecciation of this asset in QuickBooks? When I go to the Chart of Accounts to create a new account, I get the attached photo. There's no where to check the "track depreciation" check box

For each account listed, identify the category in which it would appear on a classified balance sheet. Use the following categories: Current Assets; Long-term Investments; Property, Plant, and Equipment; Intangible Assets; Current Liabilities; Long-term Liabilities; and Owner's Equity. If the item does not belong on the classified balance sheet, put an X. Account Category а. Land (used in operations) b. Accumulated Depreciation-Equipment c. Reed, Capital d. Service Revenue е. Investment in Starbucks Corporation (to be held long-term) f. Accounts Receivable g. Equipment h. Buildings i. Notes Payable (due in 10 years) j. Unearned Revenue k. Cash I. Accounts Payable m. Prepaid Rent n. Reed, Withdrawals o. Land (held for investment purposes) p. Depreciation Expense

Please answer the following question   Must choose from the following LIST OF ACCOUNTS:   Accounts Payable Accounts Receivable Accumulated Amortization - Copvrights Accumulated Amortization - Customer Database Accumulated Amortization - Customer lists Accumulated Amortization - Development Costs Accumulated Amortization - Franchises Accumulated Amortization - Licences Accumulated Amortization - Patents Accumulated Amortization - Software Accumulated Amortization - Trademarks Accumulated Depreciation Accumulated Impairment Losses - Copyrights Accumulated Impairment Losses - Goodwill Accumulated Impairment Losses - Licences Accumulated Impairment Losses - Patents Accumulated Impairment Losses - Trade Names Accumulated Impairment Losses - Trademark Administrative Expenses Advances to Employees Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Bank Loans Buildings Cash Common Shares Cost of Goods Sold Depreciation Expense Equipment Gain on Disposal…

please answer this 2 ( not hand writing) Q1: What are depreciation areas? Why are different depreciation areas necessary? Q2: What are charts of accounts and the general ledger? How are they related?

1. What are the two main characteristics of intangible assets? 2. Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles? 3. What are the factors to be considered in estimating the useful life of an intangible asset? 4. What is the nature of research and development cost? 5. Indicate the proper accounting form the following items. Organization Cost Advertising Cost Operating Losses

Please answer please help me

Discussion

Depreciation under Diminishing Balance Method is calculated on? A. Scrap Value B. Book Value C. Cash Account D. Repair I will downvote for sure if u answer Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

I asked this question just earlier and received an inadequate answer that was not thorough or complete. I need to know the exact order of Assets and how they are recorded. Example I know Current Assets are listed first in order of Liquidity. I though Long Term Assets were next. So now I am confused. I am pasting the answer the prior individual gave me. Please make any corrections and be as clear as possible with terminology and provide examples. So I need a complete list of how Assets are recorded what they are called and examples of each type of Asset."Yes, There is a proper order of listing assets, current assets comes first in the order of liquidity and the comes the long term investment, fixed assets, intangibles.Tangibles and intangles assets are covered under Long term assets."

Which of the following accounts would be classified as a fixed (property, plant and equipment asset)? Group of answer choices equipment accounts receivable cash accounts payable