Answered

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Which of the following is a fixed asset for a business?

A. Bicycle for private use
B. Washing machine for restate
C. Motor car for family use
D. Motor lorry for delivery of goods​

Sagot :

Samawati

Answer:

D. Motor lorry for delivery of goods​

Explanation:

Business assets are valuable used to generate revenue for the business. Assets can be classified as either current or fixed assets. Currents assets can be converted to cash with relative ease.

Fixed assets have a lifespan exceeding one year. Usually, a business will not dispose of its fixed assets in the current financial period. Fixed assets remain constant in a period and are used in the production process.

From the list provided, lorry is the fixed asset. It is being used to deliver goods, hence assisting in generating revenue. The lorry has a lifespan exceeding one year and is not meant for sale.

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