Fixed assets are ________ and are found on the ________:
A)long-lived tangible assets;balance sheet
B)long-lived intangible assets;balance sheet
C)current tangible assets;balance sheet
D)current intangible assets;income statement

Question

Quizplus · Accepted Answer

Tangible assets are long-lived assets that have physical substance,which simply means that you can see,touch,or kick them.These assets are typically grouped into a single line item on the balance sheet called Property,Plant,and Equipment.They are also known as fixed assets because they are often fixed in place.

Fixed Assets Are ________ and Are Found on the ________

Fixed Assets Are and Are Found on the