Definition: A rhombus is a quadrilateral with four congruent sides. Similar to the definition of a rectangle, we could have used the word parallelogram instead of quadrilateral in our definition of rhombus. Thus, rhombuses have all of the properties of parallelograms (stated above), along with a few others.
Join Now. We are updating our SpiceWorks installation with purchase values for our physical servers, however accounting would also like us to add a value for each virtual machine as if it were a fixed asset. Wondering how other companies/businesses have accounted for their virtual servers/machines within their Fixed Asset schedules.
Fixed asset: A long-term, tangible asset held for business use and not expected to be converted to cash in the current or upcoming fiscal year, such as manufacturing equipment, real, and furniture. These types of assets are also called plant.