Which of the following would be a fixed asset?
A) Merchandise inventory
B) A hand calculator
C) The store building
D) Accounts receivable
E) Accounts payable

Name: Which of the following would be a fixed asset? A) Merchandise inventory B) A hand calculator C) The store building D) Accounts receivable E) Accounts payable
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Fixed assets require more than a year to convert to cash. Examples would be owned buildings, distribution centers, display fixtures, and equipment.

Which of the Following Would Be a Fixed Asset