All of the following are current assets except. cash Incorrect. Practitioners whose clients are subject to the UBIA of qualified property limitation should take advantage of opportunities to maximize the limitation and enjoy the enhanced QBI deduction benefits. Computer equipment. Throwing it away B. this is typically a current asset . Includes all types of computer equipment, such as servers, desktop computers, and laptops. c. marketable securities. Examples include property, plant, and equipment. Fixed assets include all of the following EXCEPT: Property. b. accounts receivable. Long-term assets can include fixed assets such as a … Exam mode. d. cash. Depreciable property items are long-term assets . capital stock Correct. Explanations. Fixed assets include all of the following - Financial Questions with explanations from our expert instructors. D. Training. Managing the firm’s assets includes all of the following EXCEPT: A. B. Tangible assets are that are used in the operations of a business. this is typically a current asset . Disposing of a fixed asset could include all of the following methods, except: A. Fixed assets C. Accounts receivable D. Notes payable Expert Answer 100% (1 rating) All the following are examples of fixed costs except– (A) insurance fee (B) rent payments (C) director's fees… Get the answers you need, now! C. Equipment. Includes all facilities owned by the entity. Long-term assets are investments in a company that will benefit the company for many years. Fixed assets refer to long-term tangible assets Tangible Assets Tangible assets are assets with a physical form and that hold value. When high-dollar fixed assets are purchased, there should be a strict approval process which would include three formal steps. 3-Current assets include all of the following, except: Select one: a. accounts payable. Accounts receivables is an example of a current asset, not a fixed asset. What are Fixed Assets? Now is an opportune time to review fixed asset schedules to identify which assets are still in use and eligible to be included in the UBIA calculation. The following are examples of fixed asset accounts: Buildings. Assets intended to be held and used for productive purposes may suffer from impairment in each of the following circumstances except A change in the way the assets are used or physical change in the assets. Computer software. Sending it to another department C. Exchanging it for another asset D. Donating it to another party 96. 1. Depreciable property can include vehicles, real estate (except land), computers, and office equipment, machinery, and heavy equipment. Prep for the financial exam with our sample questions! Plants. Inventory B. Accounts receivable. this is typically a current asset. inventories Incorrect. accounts receivable Incorrect. A. … Fixed assets include all of the following - Financial Training Questions with explanations from our expert instructors. capital stock is not an asset
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