Which of the following is NOT a fixed asset?
A)Equipment
B)Buildings
C)Land held for investment
D)All of these are fixed assets.

Question

Quizplus · Accepted Answer

Land held for investment is not considered a fixed asset because it is not being used in the daily operations of the business. Fixed assets are generally tangible assets that have a useful life of more than one year and are used in the production or sale of goods and services. Equipment and buildings are examples of fixed assets because they are used in the production process.

Which of the Following Is NOT a Fixed Asset