Which of the following are/is not a fixed asset?

Question

Quizplus · Accepted Answer

Fixed assets are long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the short term. Stock (inventory) and fixed deposits in banks do not fall under the category of fixed assets. Stock is considered a current asset because it is expected to be sold within a year, and fixed deposits, although they might be held for more than a year, are financial assets, not tangible assets used in operations. Vehicles, on the other hand, are considered fixed assets as they are tangible assets used in the operations of a business over several years.

Which of the Following Are/is Not a Fixed Asset