Fixed capital are assets of a business that are permanent in nature and are not intended to be disposed of by a business. These assets include land, buildings, plant, machinery, fixed equipment, furniture, fixtures, vehicles, livestock, etc. which are held and used by a business to directly or indirectly generate revenue.
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Solution
Fixed capital are assets of a business that are permanent in nature and are not intended to be disposed of by a business. These assets include land, buildings, plant, machinery, fixed equipment, furniture, fixtures, vehicles, livestock, etc. which are held and used by a business to directly or indirectly generate revenue.
Explanation:
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Answer:
Fixed capital is the value of capital assets available for production purposes at a given point in time
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