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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

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

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

Solución

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Lorenamaestro · Tutor durante 5 años
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4.5 (210 votos)

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The correct criterion for determining whether to record an asset as a fixed asset is:<br /><br />D must be long lived and used by the company in its normal operations<br /><br />Fixed 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.
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