Which of the following is/are fixed asset(s)?
A. Closing inventory
B. Fixed deposit in a bank
C. Patents
D. Prepaid expenses
Answer: Option C
Solution(By Examveda Team)
Patents are fixed assets. The accounting process for patents is similar to other fixed assets. Companies allocate or amortize the costs over the life of the patent.This Question Belongs to Commerce >> Accounting
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Related Questions on Accounting
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D. All of the above
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