Machinery and Equipment That Is Movable Is Ordinarily Held Not

question 14

True/False

Machinery and equipment that is movable is ordinarily held not to be fixtures even though it is necessary to unbolt them from the floor or disconnect electrical wires.

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Definitions:

Lockbox Fee

A charge by banks for the service of collecting payments through a secured post office box and processing them for the account holder.

Money Market Securities

Short-term financial instruments, typically with high liquidity and very low risk, used by individuals and corporations to manage cash.

Average Daily Cost

The average cost incurred by a business or an individual on a daily basis.

Lockbox System

A service provided by banks to process payments by diverting them directly to a special post office box, speeding up the collection process.