Which of the following would be an example of a fixed asset for a used record shop?
A) The small building that houses the shop
B) Owners' equity
C) Turntables
D) Music posters
E) Accounts receivable

Question

Quizplus · Accepted Answer

Fixed assets are long-term tangible assets that a business uses in its operations, such as buildings. The small building that houses the shop is a fixed asset.

Which of the Following Would Be an Example of a Fixed