Explain what is meant by the term fixed assets.

      

Explain what is meant by the term fixed assets.

  

Answers


sharon
These are assets expected to last for a long time usually more than one year. They are not intended for resale but to help in the running of the business in order to produce and provide goods and services. Examples are buildings, land, motor cars and furniture.
sharon kalunda answered the question on February 22, 2019 at 14:04


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