Which of the following are criteria for determining whether to record an asset as a fixed asset? A must be an investment and long lived B must be tangible and an investment C must be short lived and tangible D must be long lived and used by the company in its normal operations

Question

Which of the following are criteria for determining whether to record an asset as a fixed asset? A must be an investment and long lived B must be tangible and an investment C must be short lived and tangible D must be long lived and used by the company in its normal operations

Answer 1

The correct criterion for determining whether to record an asset as a fixed asset is:D must be long lived and used by the company in its normal operationsFixed assets are typically tangible, long-lived resources that a company uses in its normal operations to generate revenue. They are not intended for resale and include items such as buildings, machinery, and equipment.

Problemas

Which of the following are criteria for determining whether to record an asset as a fixed asset? A must be an investment and long lived B must be tangible and an investment C must be short lived and tangible D must be long lived and used by the company in its normal operations

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