Financial Tunes

When determining whether to record an asset as a fixed asset, what two criteria must be met?

A) Must be long lived and must use the asset in a productive manner. B) Must be long lived and must be a tangible asset. C) Must be a tangible asset and must be an investment. D) Must be an investment and must be long lived.

Public Comments

1. B) Must be long lived and must be a tangible asset.