Question

An Asset held with the intention of being used for the purpose of producing or providing goods or services and is not
held for sale in normal course of business is called as -
O Current Asset
Current Liability
Capital in Progress
Fixed Asset​

Answer 1

Answer:

Goodwill. Ans:- (b) Fixed asset is an asset held with the intention of being used for the purpose of producing or providing goods or services and is not held for sale in the normal course of business. Buildings, Plant, Patents and Goodwill are all fixed assets.