Which of the following is an example of a fixed asset for a music store?
A) Sheet music that is played in the store
B) An assortment of music displayed in the store
C) A selection of jazz CDs owned by the store employees
D) A wide range of classical and electric guitars
E) A computer that is used to manage the store's inventory

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 Is an Example of a Fixed