Question

Furniture is:

• A. Current Asset
• B. Fictitious asset
• C. Tangible asset
• D. Intangible asset

Answer 1

The correct option is C Tangible asset

Tangible assets are physical and measurable assets that are used in a company's operations. Assets like property, plant, and equipment, are tangible assets. These assets include:

1. Land

2. Vehicles

3. Euipment

4. Machinery

5. Furniture

6. Inventoy

7. Securities like stocks, bond, and cash