Which of the following qualities are characteristic of fixed assets? (a) Tangible, (b) Capable of repeated use
Question:
(a) Tangible,
(b) Capable of repeated use in the normal operations of the business,
(c) Not held for sale in the normal course of business,
(d) Not used in the operations of the business,
(e) Useful life must be greater than 10 years.
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Fixed assets have the following characteristic...View the full answer
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