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Which asset below is a current asset? Fleet of company cars Computer Warehouse Printer ink SAVE...

Which asset below is a current asset?

  • Fleet of company cars

  • Computer

  • Warehouse

  • Printer ink

SAVE AND CONTINUE

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Answer #1

Ans: The correct option for the answer is option D i.e. Printer Ink

A current Assets is an assets that lasts long for less than one year or in simple term whose life is less than one year.

Among the options i.e. fleet of company cars, computer is a fixed assets as both the assets will have more life i.e. 5-10 years and can be depreciated, Also the option c i.e. Warehouse is a fixed asset as Warehouse is generally categorized as Land and Building and can be  depreciated while Printer ink is the only option which is current asset as it cant be depreciated and can be consumed within 5 months or 7 months and sometimes even for 60 days if papers printed more

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