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WAEC Commerce 2012 Question 10

Question 10

Business Finance

Buildings and machinery used in the running of a business are examples of

  1. A.current assets.
  2. B.intangible assets.
  3. C.liquid assets.
  4. D.fixed assets.
Show the answer and explanation

Answer: D (fixed assets.)

Explanation

Assets kept for long-term use are fixed assets.