answersLogoWhite

0


Best Answer

A fixed assets is any item that can stay or remain in the business for a longer period i.e. 1year and in most case they are not meant for resale. when you buy a chair to use in the business it is not meant for sale. Furniture is a fixed asset.

User Avatar

Wiki User

โˆ™ 2012-04-11 12:18:09
This answer is:
User Avatar
Study guides

What is the body of law that governs the availability and use of federal funds

Who has the final word on how much money can be spent by a given agency or program under the separation of powers doctrine

How do you spell commitments

Which stage of disbursement accounting is also known as the accounts payable stage

โžก๏ธ
See all cards
3.84
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
56 Reviews

Add your answer:

Earn +20 pts
Q: Is furniture a fixed asset
Write your answer...
Submit
Still have questions?
magnify glass
imp
People also asked