Which of the following is a fixed asset?
A) Inventory.
B) Cash.
C) Marketable securities.
D) Long-term liabilities.
E) Buildings.

Question

Quizplus · Accepted Answer

Fixed assets are long-term assets that are essential to business operations and are not meant to be sold. Buildings are a type of fixed asset as they are used to conduct business operations and are not intended for sale. Inventory, cash, and marketable securities are considered current assets, while long-term liabilities are considered long-term debts rather than assets.

Which of the Following Is a Fixed Asset