Which one of the following is a tangible fixed asset?
A)cash
B)equipment
C)accounts receivable
D)right
E)inventory

Question

Quizplus · Accepted Answer

Tangible fixed assets are physical assets that a company owns and uses to carry out its business operations. Equipment is a tangible fixed asset because it is a physical item that a company uses in its business operations. Cash, accounts receivable, and rights are not considered tangible fixed assets because they are either not physical in nature or do not have a physical form. Inventory can be considered a tangible fixed asset depending on how it is used by the company.

Which One of the Following Is a Tangible Fixed Asset