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Commerce · Q157

Accounting

Graduate and Post Graduate · Commerce · question 157

Q157

Office equipment is a ______ asset for a computer manufacturer and the same office equipment is a ____ asset for a company that deals in these equipments

A.
Current, fixed
B.
Fixed, intangible
C.
Tangible, intangible
D.
Fixed, current
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Office equipment is a Fixed asset for a computer manufacturer and the same office equipment is a current asset for a company that deals in these equipments.