Which of the following is an example of a fixed asset for a music store?
A)sheet music
B)an assortment of music stands
C)a selection of jazz CDs
D)classical and electric guitars
E)a computer that is used to manage the store's inventory

Question

Quizplus · Accepted Answer

Fixed assets require more than a year to convert to cash.Examples would be owned buildings,distribution centers,display fixtures and equipment.

Which of the Following Is an Example of a Fixed