What are fixed assets?
فکسڈ اثاثے کیا ہیں؟
- Assets that can be easily converted to cash
- Assets that are used for a long period
- Assets that are used for a short period
- Assets that are not used at all
Explanation
Fixed assets are tangible assets that are used in the operation of a business and are expected to have a useful life of more than one year. Examples of fixed assets include:
- Land
- Buildings
- Machinery and equipment
- Vehicles
- Furniture and fixtures
- Computers and software
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