Question: Why is equipment considered a fixed, or long-term, asset? Question 8 options: 1) It's held by the firm for liquidity purposes. 2) It has a

Why is equipment considered a fixed, or long-term, asset? Question 8 options: 1) It's held by the firm for liquidity purposes. 2) It has a useful life that exceeds one year. 3) It gives fundamental ownership claim to the company. 4) It provides funds to the firm

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