Fixed assets are assets that have a physical presence, such as buildings and office equipment.

Name: Fixed assets are assets that have a physical presence, such as buildings and office equipment.
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Question

Quizplus · Accepted Answer

Fixed assets are physical assets that have a long-term use in the company's operations, such as land, buildings, machinery, and equipment. They are not expected to be converted into cash or sold within a year.

Fixed Assets Are Assets That Have a Physical Presence, Such