1. Disposing of a fixed asset could include all of the following methods, except: A. capital stock is not an asset C. Equipment. accounts receivable Incorrect. Fixed assets include all of the following EXCEPT: Property. Inventory B. this is typically a current asset . Throwing it away B. Fixed assets include all of the following - Financial Training Questions with explanations from our expert instructors. What are Fixed Assets? Now is an opportune time to review fixed asset schedules to identify which assets are still in use and eligible to be included in the UBIA calculation. B. Practitioners whose clients are subject to the UBIA of qualified property limitation should take advantage of opportunities to maximize the limitation and enjoy the enhanced QBI deduction benefits. Explanations. Tangible assets are that are used in the operations of a business. Assets intended to be held and used for productive purposes may suffer from impairment in each of the following circumstances except A change in the way the assets are used or physical change in the assets. Exam mode. Computer equipment. Long-term assets are investments in a company that will benefit the company for many years. Prep for the financial exam with our sample questions! The following are examples of fixed asset accounts: Buildings. Fixed assets C. Accounts receivable D. Notes payable Expert Answer 100% (1 rating) All of the following are current assets except. Accounts receivables is an example of a current asset, not a fixed asset. … Managing the firm’s assets includes all of the following EXCEPT: A. Sending it to another department C. Exchanging it for another asset D. Donating it to another party 96. D. Training. Computer software. Depreciable property items are long-term assets . A. inventories Incorrect. Long-term assets can include fixed assets such as a … d. cash. c. marketable securities. capital stock Correct. Accounts receivable. cash Incorrect. b. accounts receivable. Depreciable property can include vehicles, real estate (except land), computers, and office equipment, machinery, and heavy equipment. this is typically a current asset . 3-Current assets include all of the following, except: Select one: a. accounts payable. All the following are examples of fixed costs except– (A) insurance fee (B) rent payments (C) director's fees… Get the answers you need, now! Examples include property, plant, and equipment. Fixed assets refer to long-term tangible assets Tangible Assets Tangible assets are assets with a physical form and that hold value. this is typically a current asset. When high-dollar fixed assets are purchased, there should be a strict approval process which would include three formal steps. Includes all facilities owned by the entity. Fixed assets include all of the following - Financial Questions with explanations from our expert instructors. Includes all types of computer equipment, such as servers, desktop computers, and laptops. Plants.