Fixed assets are those that are tangible and will be used ________________________.
A) immediately
B) over a long period of time.
C) For the owner's equity
D) To buy materials, inventory, and supplies
E) cash

Question

Quizplus · Accepted Answer

Fixed assets are long-term tangible assets that a company uses in its operations over a long period of time, such as buildings, machinery, and equipment.

Fixed Assets Are Those That Are Tangible and Will Be