A Fixed Asset Is

question 4

Multiple Choice

A fixed asset is

• A) an amount due from a customer who has purchased goods on credit.
• B) an asset with long-term use or value, such as land, buildings, and equipment.
• C) an expense, such as rent, that is paid before the upcoming period in which it is due.
• D) an asset that can or will be converted to cash within the following year.
• E) a nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit.

---

Definitions:

Multiple Sclerosis (MS)

A chronic autoimmune disease affecting the central nervous system, leading to varying levels of physical and cognitive impairments.

Tourette Syndrome

A neurological disorder characterized by repetitive, involuntary movements and vocalizations called tics.

Facial Tic

Involuntary, repetitive movements or spasms of the face muscles.

Vocalization

The action of producing sound or voice through the vocal cords, often used in reference to speech, singing, or animal calls.