Response to the following questions:
1. Which of the following qualities are characteristics of fixed assets? (a) tangible, (b) capable of repeated use in the operations of the business, (c) held for sale in the normal course of business, (d) used continuously in the operations of the business, (e) long-lived
2. Trigger Company purchased a machine that has a manufacturer's suggested life of 15 years. The company plans to use the machine on a special project that will last 11 years. At the completion of the project, the machine will be sold. Over how many years should the machine be depreciated?