Question

what is fixed asset​

Answer 1

Explanation:

assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment.

Answer 2

Answer:

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.

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