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Which of the following qualities are characteristic of

1. Which of the following qualities are characteristic 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 rarely in the operations of the business,
(e) Long-lived.

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Accounting Basics: Which of the following qualities are characteristic of

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