Question

Mortgage loan is a fixed asset.is it true or false?

Answer 1

Answer:

What Is a Fixed Asset?

A fixed asset is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. Fixed assets are not expected to be consumed or converted into cash within a year. Fixed assets most commonly appear on the balance sheet as property, plant, and equipment (PP&E). They are also referred to as capital assets.

Answer 2

Answer:

false it differs from site to site.