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Which of the following is are fixed asset(s)

This question belongs to Commerce Accounting
Accounting
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Which of the following is/are fixed asset(s)?

Answer & Solution
Correct Answer: Option C
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.
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M.A Writes
M.A Writes 3 years ago
Patent is intangible asset
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