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Question
Is a Refrigerator a Fixed Asset?
Is a Refrigerator a Fixed Asset?
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Solution
Yes, a refrigerator can be considered as a fixed asset for the business as it has a useful life of more than one year and can be categorised into the equipment section of the balance sheet.
Also read:
- Difference Between Assets and Liabilities
- What Are Current Assets
- What Are Non Current Assets
- What Is a Fixed Asset
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Yes, a refrigerator can be considered as a fixed asset for the business as it has a useful life of more than one year and can be categorised into the equipment section of the balance sheet.
Also read:
- Difference Between Assets and Liabilities
- What Are Current Assets
- What Are Non Current Assets
- What Is a Fixed Asset
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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