Inventories are considered fixed assets because inventory levels remain fairly constant throughout the year.

Name: Inventories are considered fixed assets because inventory levels remain fairly constant throughout the year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventories cannot be considered fixed assets as they are not permanent in nature, and their levels can fluctuate based on demand and supply. Fixed assets are assets that have a long-term or permanent nature, such as property, plant, and equipment.

Inventories Are Considered Fixed Assets Because Inventory Levels Remain Fairly