The IASB (IAS 16)defines Fixed or Tangible Assets as Assets

question 11

Multiple Choice

The IASB (IAS 16) defines fixed or tangible assets as assets held by an entity for which purpose(s) ?

• A) Use in the production or supply of goods or services
• B) Administrative purposes
• C) Rental to others
• D) All of these

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Definitions:

Zheng He

A Chinese mariner, explorer, diplomat, and fleet admiral who commanded expeditionary voyages to Southeast Asia, the Middle East, and East Africa from 1405 to 1433.

Borderland

A region near or along a border that often embodies a blend of cultures, identities, and political tensions.

French

Relating to France, its people, culture, or language.

Dutch

Referring to the people of the Netherlands, their language, or their culture, recognized for contributions to art, navigation, and commerce.