Question

following is not a fixed asset? 1 goodwill 2 copyright 3 loose tools 4 livestock 5 to write off discount on issue of debentures
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Answer 1

Fixed assets, also known as tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, described as liquid assets.