What category do buildings and furniture fall under in accounting?

Show Answers

Assets that are easily converted to cashNon-physical assets such as goodwillPhysical assets that can be touchedLong-term assets used in business operationsNone of the above

Explanation

Buildings and furniture are classified as fixed assets because they are long-term tangible assets used in the operations of a business, not assets that are quickly liquidated or intangible in nature.