Is a 5-year certificate of deposit a fixed asset?

Answer While most certificates of deposit pay interest at a fixed rate, variable rate CDs do not, as the rates can increase or decrease. A 5-year CD would only be considered a fixed asset if it had a fixe... Read More »

Top Q&A For: Is a 5-year certificate of deposit a fixed asset

Is a certificate of deposit a capital asset?

A certificate of deposit (CD) is not a capital asset. A capital asset, also called a fixed asset, is an asset that cannot be sold quickly such as real estate, buildings and machinery. On a business... Read More »

How to Get a High Interest One-Year CD (Certificate of Deposit)?

A CD, also known as a certificate of deposit, is an investment similar to a high-yielding savings account. The main difference is that the investment cannot be withdrawn before it matures, unless y... Read More »

How do I calculate yearly deposit amounts based on total certificate of deposit amount?

Figuring the DepositAdd 1 to the interest rate per month, then raise the number to the power of the number of times the CD compounds. This is the interest factor. Divide the total amount of the CD ... Read More »

How to Depreciate a Fixed Asset?

One of the basic principles of accrual accounting is to match expenses to the period in which they are used. In the case of many fixed assets, they are used over many periods, so their value must b... Read More »