All of the following are classified as fixed assets except
A) factory equipment.
B) a company car.
C) computers held for resale.
D) property.
E) buildings.

Question

Quizplus · Accepted Answer

Fixed assets are long-term assets that a company holds for use in the production or supply of goods or services, for rental to others, or for administrative purposes. Computers held for resale are considered inventory or current assets, not fixed assets. Therefore, choice C (computers held for resale) is not classified as a fixed asset.

All of the Following Are Classified as Fixed Assets Except