Q514
Plant and equipment are examples of
A.
long term fixed assets
AnswerB.
short term fixed assets
C.
short term working capital
D.
long term working capital
Answer: Option A
Solution
Answer: Option A
Solution:
Plant and equipment are examples of long term fixed assets. The term fixed assets generally refers to the long-term assets, tangible assets used in a business that are classified as property, plant and equipment.