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

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Which of the following qualities are 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 rarely in the operations of the busi¬ ness,

(e) long-lived.

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Financial Accounting

ISBN: 9780324188035

9th Edition

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

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Question Posted: Jul 11, 2024 09:03 AM

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

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Financial Accounting

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