Fixed Assets Can Be Divided into Which Three Categories

question 11

Multiple Choice

Fixed assets can be divided into which three categories?

• A) Buildings,equipment and goodwill
• B) Ordinary,financial and extraordinary
• C) Tangible,intangible and financial
• D) None of these

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Definitions:

Renovation Expense

Costs incurred to update, restore, or adapt a part of a building or facility for improved functionality or appearance.

Straight-Line Depreciation

Straight-line depreciation is a method of evenly distributing the cost of a tangible asset over its useful life.

Income Taxes

Taxes levied on the income of individuals or businesses by the government.

Operating Cash Inflow

Cash generated from the core business operations of a company during a specific period.