A Fixed Asset Is

question 167

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 an expected benefit.

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Definitions:

Intelligent

refers to the ability to learn, understand, and apply knowledge, reasoning, and problem-solving.

Dependable

Describes something or someone reliable, trustworthy, and consistent in performance or behavior.

Social Situations

Scenarios involving interactions between individuals or groups within a societal context.

Situational Model

A theory or approach suggesting that the effectiveness of leadership, strategies, or decisions depends on specific situational factors.