Which of the following is a fixed asset?
A)Cash
B)Equipment
C)Land held for investment
D)Notes receivable

Name: Which of the following is a fixed asset? A)Cash B)Equipment C)Land held for investment D)Notes receivable
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Question

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Fixed assets are long-term tangible assets that are used in the operation of a business, such as equipment or property. Cash, notes receivable, and land held for investment are not considered fixed assets.

Which of the Following Is a Fixed Asset