Question

How are tangible assets classified?

a.

Land, Buildings, and Plant and Equipment only.

b.

Land, Buildings, and Furniture and Fixtures only.

c.

Land, Buildings, and Vehicles only.

d.

Land, Buildings, and all other specified categories.

Posted under IC 89 Management Accounting

Answer: (d).Land, Buildings, and all other specified categories. Explanation:Tangible assets are classified as Land, Buildings, Plant and Equipment, Furniture and Fixtures, Vehicles, Office Equipment, and others with a specified nature.

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Q. How are tangible assets classified?
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