The fixed assets owned by a company are considered to be long-term because:
A)The high cost of the fixed assets demands that they not be considered short term.
B)They are purchased with the intent of benefitting the company for a long period of time.
C)The assets will last for a long period of time.
D)All of the above are reasons the fixed assets are considered to be long-term.

Question

Quizplus · Accepted Answer

Fixed assets are considered long-term because they are intended to provide benefits to the company over an extended period, typically more than one year.

The Fixed Assets Owned by a Company Are Considered to Be