Which of the following are examples of fixed capital?Multiple select question.accounts receivablebuildingmachineryinventory
Question
Which of the following are examples of fixed capital?Multiple select question.accounts receivablebuildingmachineryinventory
Solution
The examples of fixed capital from the options provided are:
- Building
- Machinery
Fixed capital refers to the assets a company uses over the long term to aid in the production of income. These are not converted into cash in the normal course of business. Examples include buildings, machinery, equipment, vehicles, etc.
Accounts receivable and inventory are considered current assets, not fixed capital. Accounts receivable is money owed to a company by its debtors, and inventory includes goods available for sale or raw materials.
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