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

Question

Quizplus · Accepted Answer

A central computer used to manage the store's inventory is a fixed asset because it is a long-term tangible asset used in the operations of the business and is not intended for sale.

Which of the Following Is an Example of a Fixed