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Question
What do you mean by fixed assets?
What do you mean by fixed assets?
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Solution
A fixed asset is a drawn-out tangible piece of property or equipment that a firm claims and uses in its tasks or production to create income. Fixed resources are not relied upon to be devoured/consumed or changed over into cash within a year.
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A fixed asset is a drawn-out tangible piece of property or equipment that a firm claims and uses in its tasks or production to create income. Fixed resources are not relied upon to be devoured/consumed or changed over into cash within a year.
Also see:
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