Match the term with its definition.
-Depreciable assets at their original cost, before any depreciation expense has been taken
A)accounts payable (trade credit)
B)accounts receivable
C)accumulated depreciation
D)common stock
E)current assets (working capital)
F)current debt (short-term liabilities)
G)current ratio
H)fixed assets (property, plant, and equipment [PPE])
I)gross fixed assets
J)net fixed assets
K)other assets

Question

Quizplus · Accepted Answer

Gross fixed assets refer to depreciable assets at their original cost, before any depreciation expense has been taken.

Match the Term with Its Definition