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Question
Fixed assets are those assets which remain in the business for more than a year. State true or false.
Fixed assets are those assets which remain in the business for more than a year. State true or false.
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Solution
The correct option is A True
True. Fixed assets are those assets which remain in the business for more than a year. They are utilized for a long term, they are also referred to as long-term assets
True
True. Fixed assets are those assets which remain in the business for more than a year. They are utilized for a long term, they are also referred to as long-term assets
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