Which of the following is an example of a fixed asset for a manufacturer of road building equipment?
A) patents held on a new type of asphalt
B) shipping area for finished goods and receiving area for component parts
C) computer cartridges
D) cans of yellow paint for painting equipment

Question

Quizplus · Accepted Answer

A shipping and receiving area is a physical and tangible asset that is essential for a manufacturer of road building equipment to transport raw materials and deliver finished products. Patents are an intangible asset, and computer cartridges and cans of paint are considered inventory or supplies, not fixed assets.

Which of the Following Is an Example of a Fixed