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23 February, 13:43

Which of the following will be classified as a fixed asset in a movie theater? a. Trademark b. Land for sale c. The latest movie d. A popcorn machine

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  1. 23 February, 17:23
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    Kindly note that the question is asking about the fixed assets "in a" movie theater. Clearly from the question, the latest movie is not a fixed asset of movie because it is patented by the movie maker and the Trademark is a fixed asset but it is not placed in the movie theater. The Trademark is an intangible asset which don't have any physical existence in the movie theater. An intangible assets are the assets of an organization which can not be touched or have any physical existence.

    The remainder two left are Land for sale does not relate to the movie theater. The only fixed asset that is in the movie theater is a Popcorn Machine.

    So the correct answer is option D
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