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 assets are major expenses of any business and have a set life period of their own when used commercially. After a certain time period they become obsolete for use, and require the business to buy that particular asset again. In terms of realization of cash, fixed assets have a longer liquidity time period.