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

Accounting Mar 03, 2021

Which asset below is a current asset?

Fleet of company cars
Printer ink
Warehouse
Computer

Expert Solution

The correct option is 2nd "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. Printer ink is the only option which 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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