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Question

Furniture is:

A
Current Asset
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B
Fictitious asset
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C
Tangible asset
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D
Intangible asset
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Solution

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

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