Which One of the Fixed Asset Accounts Listed Below Will

question 25

Multiple Choice

Which one of the fixed asset accounts listed below will not have a related contra asset account?

• A) Office Equipment
• B) Land
• C) Delivery Equipment
• D) Building

---

Definitions:

Unauthorized Entry

Accessing a place or a system without permission or legal right.

Tort Against Property

Legal wrongs committed against someone's property, which can include damage, unauthorized use, or interference.

Trespass

An unauthorized intrusion on a person's property or rights, which can involve entering someone's land without permission or interfering with their possessions.

Personal Property

Assets or belongings that are not permanently fixed to one location, such as furniture, vehicles, and electronic devices, as opposed to real property like land or buildings.