Question

Fixed assets are held by business for _____ a) Converting into cash b) Generating revenue c) Resale d) None of the above

Answer 1

Answer:

Generating revenue...

Answer 2

Concept: Fixed assets are those assets which are purchased for more than one year purposes. It is not likely to purchase for converting its into cash.

Find: Choose the correct option.

Solution: Fixed assets are held by business for Generating revenue. Fixed assets are land and building, machinery, plants etc. These are used to maintain business and producing goods. From these goods, they generate revenue.

Final answer: B) Generating revenue.

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