i. Operating machines
ii. Furniture
iii. Fixtures and fitting
iv. Loan from friends
V. Creditors
Find the fixed assets?
i, ii and v
i, ii and iv
i, ii and iii
iii, iv and v
Correct answer is C
Fixed assets are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, furniture and equipment. From the question above they include; i, ii & iii.