Is carpet a fixed asset?

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Solution

Carpet falls under the head of furniture and fixtures, which become a part of the office building. Hence, carpets are treated as fixed assets.

Also see:

Difference Between Assets and Liabilities

What Are Current Assets?

What Are Non Current Assets?

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If book value of a fixed asset equals to market value or sale proceeds of a fixed asset then :

Distinguish between fixed assets and current assets.

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