Which of the Following Items Would Best Be Characterized as a "Fixture

question 47

Multiple Choice

Which of the following items would best be characterized as a "fixture?"

• A) A tractor owned by a farmer and stored in her barn.
• B) A barn constructed on the land after the land was initially purchased by the farmer.
• C) A camper that was originally used for cross-country travel, but which is now permanently attached to a cement foundation on the farmer's land.
• D) The free-standing appliances in the farmer's kitchen, such as the refrigerator.
• E) The intangible elements connected with and owned by the farmer, such as the value of her equipment and the equity in the property.

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Definitions:

Daily Operations

The day-to-day activities and routines involved in the running of a business or organization.

Paralegals

Professionally trained individuals who assist lawyers in the delivery of legal services.

Job Benefits

Job benefits include various non-wage compensations provided to employees in addition to their normal salaries or wages. These can include health insurance, retirement plans, paid time off, and other perks.

Paid

Receiving money, benefits, or compensation in exchange for goods provided, services rendered, or employment.