Accounting · Asset Classification
Computers taken on hire by a business enterprise for a fixed operating lease period of twelve months should be classified as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Not an asset of the business✓
- 2Deferred revenue expenditure
- 3Intangible assets
- 4Current assets
Correct answer
Not an asset of the business
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Asset Classification MCQs →Want more practice questions on Asset Classification?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Asset Classification