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Novay_Z [31]
3 years ago
11

HELLLPPP What are fixed assets?

Business
2 answers:
Elis [28]3 years ago
8 0

Fixed assets are mostly things every businessman or company buys. There are the things they use specifically for there company. Companies use them until they just wear out, get broken, or get old.

Example: Most Clothes store companies buy lots of cloth hangers. They buy them in order to hang all the cloths in the store. These hangers are used for a long period. They only are stopped using if broken.

Hope this helps!

-Your Brainly User.

Julli [10]3 years ago
3 0

Hey there, here is my brief explanation for you:

Fixed assets are mostly things that are purchased to use for a long period of time. These items are used in business and can be classified as property, plant, or equipment. Fixed assets are things that are bought and meant not to be sell-able or at least not easily. Fixed assets are bought for personal business use and usually are not likely to be sold.

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Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.

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It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.

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7 0
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Which of the following statements about human populations in industrialized countries is incorrect? Which of the following state
ozzi

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3 years ago
What line item flows from the statement of retained earnings to the balance​ sheet?
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3 0
4 years ago
Division A reported income from operations of $975,000 and total service department charges of $675,000. As a result, a.consolid
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