Bill's Travel Company provides inexpensive bus trips to several large cities. This company's offices, buses, and bus depots are examples of its ________ assets.

Question

Quizplus · Accepted Answer

This company's offices, buses, and bus depots would be considered its long-term, or fixed, assets. These assets are expected to last for many years. Automobile, oil refining, and transportation companies are dependent on fixed assets.

Bill's Travel Company Provides Inexpensive Bus Trips to Several Large