Which of the following qualities arc characteristic of fixed assets? (a) tangible, (b) capable of repeated use

Question:

Which of the following qualities arc characteristic of fixed assets?

(a) tangible, (b)

capable of repeated use in the operations of the business,

(c) held for sale in the normal course of business,

(d) used continuously in the operations of the business,

(e) long-lived. LO2

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9780324025422

20th Edition

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

Question Posted: