Which of the following is not a fixed asset?
A) Machinery and equipment
B) Furniture and fixtures
C) Supplies
D) Land and building

Name: Which of the following is not a fixed asset? A) Machinery and equipment B) Furniture and fixtures C) Supplies D) Land and building
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

Supplies are considered current assets because they are expected to be used up or converted into cash within a year, unlike fixed assets which are long-term resources used in business operations.

Which of the Following Is Not a Fixed Asset