The Statement Concerning Fixed Assets That Is Not True Is

question 57

Multiple Choice

The statement concerning fixed assets that is not true is:

• A) knowledge of the approximate average age of fixed assets can be useful in assessing the efficiency of the assets.
• B) knowledge of the approximate average age of fixed assets can be useful in deciding whether the asset register is up-to-date.
• C) knowledge of the approximate average age of fixed assets can be useful in deciding whether the assets may need to be replaced in the near future.
• D) knowledge of the approximate average age of fixed assets can be calculated by the formula accumulated depreciation divided by average recorded cost of fixed assets.

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Definitions:

Industrial Equipment

Machinery and tools designed for use in various industries, including manufacturing and construction.

Sales Presentation

A structured conversation or pitch designed to persuade a potential customer to purchase a product or service.

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure the right quantity of products is in the right place at the right time.

Need-satisfaction

A sales approach focusing on identifying and meeting the specific needs of a client or customer, thereby creating value and fostering positive relationships.