MANAGEMENT

Detailed explanation-1: -Examples of fixed assets include land, machinery, vehicles, furniture, computer equipment, buildings, and other equipment.

Detailed explanation-2: -Fixed assets are long-term assets. This means the assets have a useful life of more than one year. Fixed assets include property, plant, and equipment (PP&E) and are recorded on the balance sheet with that classification.

Detailed explanation-3: -Some consider real estate a type of financial asset, but it’s also considered a physical asset. Physical assets are tangible objects, such as property, art or valuable heirlooms, that require upkeep to maintain or increase in value.

Detailed explanation-4: -Explanation: Livestock is an example of a fixed asset.