The fixed assets of a business are:
Generally capital assets throughout their holding period.
Generally not capital...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The fixed assets of a business are:
Generally capital assets throughout their holding period.
Generally not capital assets.
Generally are held for investment.
Generally are held for personal use.
None of the above.
Answer & Explanation
Solved by verified expert
4.0 Ratings (610 Votes)
A The fixed assets of a business are generally capital assets throughout their holding period For business a capital asset is an asset that has a useful life longer than one year and is not intended for
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!