Which of the following is not a fixed asset? - ProProfs Discuss
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Which of the following is not a fixed asset?

Which of the following is not a fixed asset?

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Furniture; Inventory; Cash; Land and Building

Asked by Coulter, Last updated: Nov 15, 2024

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2 Answers

John Adney

John Adney

John Adney
John Adney

Answered Dec 03, 2017

Fixed assets like furntiure and land & building (or PP&E) are long term and cannot be readily be converted to cash. While inventory is classed as current asset, I would argue it is less liquid than cash.

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John Smith

John Smith

John Smith
John Smith

Answered Jan 25, 2017

Inventory.
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