Question

If the asset is long lived but not used in a productive manner, it will be classified as a(n)_____________.

Answer 1

Fixed assets

Step-by-step explanation:

Fixed assets refer to assets that are owned by the firm for a longer period of time and it is used to have fixed income. It is considered to assets that are not meant to be a sale or convert into cash in a few years. they are meant to make a profit.

The fixed assets include property, any heavy equipment, building, furniture, etc.

Answer 2

Investment

Step-by-step explanation:

Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.

The fixed assets and intangible assets are also term as long term assets

However, the intangible assets are trademarks, copyrights, goodwill and so on.

The asset which is not used for productivity is known as investment. BY investing the person gets in exchange the return of the investment amount