Question: Why is equipment considered a fixed, or long - term, asset? It's held by the firm for liquidity purposes. It provides funds to the firm.

Why is equipment considered a fixed, or long-term, asset?
It's held by the firm for liquidity purposes.
It provides funds to the firm.
It gives fundamental ownership claim to the company.
It has a useful life that exceeds one year.
Why is equipment considered a fixed, or long -

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