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| Topic: |
Business
|
| Number of pages / Number of words: |
6 / 1672 |
Essay's paper body
Fixed assets are essentially assets that are tangible, are long-lived and are not acquired to be resold at a later date, instead they may be acquired to be used by the business to produce goods or services which will generate future cash inflows, e.g. your equipment that you use to repair cars. Current assets on the other hand are assets that can be easily converted to cash or consumed within the normal operating cycle of the business or within one (1) year whichever is longer, for example, cash, and your stock of rims for sale...
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your equipment that you use to repair cars. Current assets on the other hand are assets that can be easily converted to cash or consumed within the normal operating cycle of the business or within one (1) year whichever is longer, for example, cash, and your stock of rims for sale.
PART D
The fact that you sell and repair vehicles will lead to a situation where you have motor vehicles in your possession for the sole purpose of resale...
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