When determining whether to record an asset as a fixed asset, what two criteria must be met?
Must be an investment and must be long lived.
Must be long lived and must use the asset in a productive manner.
Must be short lived and must be a tangible asset.
Must be a tangible asset and must be an investment.
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Home » Business » When determining whether to record an asset as a fixed asset, what two criteria must be met? Must be an investment and must be long lived. Must be long lived and must use the asset in a productive manner.