An Item Cannot Be a Fixture Unless It Is Physically

question 3

True/False

An item cannot be a fixture unless it is physically attached to the land.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold, determined by supply and demand dynamics in the market.

Net Earnings

Net earnings, also known as net income, represent the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Equity Multiplier

A financial leverage ratio that measures the proportion of a company's assets that are financed by its shareholders' equity.

Total Assets

The sum of all resources owned by a company, valued in monetary terms, which includes both current and non-current assets.