Question

Name the assets held for continuous use in the business and not meant for resale

Answer 1

Answer:

Furniture, Buildings, Land, Machinery for the Business, Electronic Equipments (like: computers)

Explanation:

The are the assets that a business helds for a long period and normally not less than 12 months, and also they dont resale in short period unless it is involved in buying and selling of any above assets (or treat any above assets as stock in trade)