Asked by
Jaylene Asencio
on Nov 01, 2024
Verified
Equipment is considered a fixed asset.
Fixed Asset
Long-term tangible property owned by a business that is used in its operations to generate income, such as buildings, machinery, and equipment.
- Recognize and elucidate the methods of asset valuation and depreciation.
Verified Answer
AL
Learning Objectives
- Recognize and elucidate the methods of asset valuation and depreciation.