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.
In addition to assets inside a building, buildings, capitalized land, land improvements and some construction projects are also considered fixed equipment. Assets that are under renovation or construction are capitalized if the total cost is $100,000 or 20% of the building. Movable Assets.