Which of these best explains fixed assets? | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. Which of these best explains fixed assets?

(A) Are bought to be used in the business.
(B) Are expensive items bought for the business
(C) Are items which will not wear out quickly
(D) Are of long life and are not purchased specifically for resale

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✅ Correct Answer: (A) Are bought to be used in the business.

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