Which of the following would be a fixed asset?
A) Merchandise
B) A hand calculator that is kept near the register
C) The building in which the store is located
D) Accounts receivable
E) All of these

Question

Quizplus · Accepted Answer

Fixed assets are assets that require more than a year to convert to cash. A note payable is a liability. Both the calculator and any merchandise could be converted into cash within a year.

Which of the Following Would Be a Fixed Asset