Which of the following is an example of a fixed asset for a music store?
A) A central computer that is used to manage the store's inventory
B) Sheet music
C) Classical and electric guitars
D) A selection of jazz CDs
E) An assortment of music stands

Question

Quizplus · Accepted Answer

Fixed assets are long-term tangible assets that a company uses in its operations to generate income. A central computer used to manage inventory is a fixed asset because it is a long-term investment used in the store's operations.

Which of the Following Is an Example of a Fixed