Types of fixed asset in accounting
How many kinds of fixed asset are there in accounting? What are they?
Expert
The immovable assets are termed as fixed assets.
There are five types of fixed assets are there as:
• Land • Plant & Machinery • Vehicles • Buildings • Furniture
Assets are those resources that the business owns. Assets are the things of value owned which enable the firm to get cash or befit in future. There are mainly two types of assets: - Current assets & Fixed assets for e.g. cash, f
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