Companies acquire non-current (fixed) assets for a variety of reasons, including: (i) to act as a hedge
Question:
Companies acquire non-current (fixed) assets for a variety of reasons, including:
(i) to act as a hedge against inflation
(ii) to resell at a profit in the future
(iii) to avoid holding cash surpluses
(iv) to use in the course of the business
Which of the above is/are reflected in the accounting definition of non-current (fixed)
assets?
(a) (i) only
(b) (i) and (ii) only
(c) (iii) and (iv) only
(d) (iv) only
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