Liquidating current assets is like liquidating fixed assets since they have lives greater than one year.

Question

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Liquidating current assets is not like liquidating fixed assets as current assets have a life of less than one year and can be converted into cash quickly, whereas fixed assets have a life of more than one year and are long-term assets. Liquidating fixed assets requires more time and effort as they are not easily converted into cash.

Liquidating Current Assets Is Like Liquidating Fixed Assets Since They