Fixed assets include
A) land.
B) copyrights.
C) contingency funds.
D) goodwill.

Question

Quizplus · Accepted Answer

Fixed assets are tangible assets that are used for the long-term operations of the business. Land is a classic example of a fixed asset, as it is a tangible asset that generally has a long lifespan and is used in the business's operations. Copyrights, contingency funds, and goodwill are not fixed assets, as they are intangible assets that do not have a physical form and cannot be used directly in the business's operations.

Fixed Assets Include