In your school supplies business, how would you treat a xerox copy

machine? Asset or liability?

A Xerox copy machine is a fixed asset which is involved with the

business’ operations as per customer’s needs. Assuming I am an owner of
a school supplies business, I will look upon my xerox copy machine as an
asset as it is purchased for long-term use, most likely a resource that has
economic value for my business and would earn slowly, allowing my
business to earn in the long run. Vulnerability of the machine may happen
(overused/human actions) and may cause outage that would render it
useless hence liability comes into play. When time comes and the machine
fails frequently then it is the time for us to buy a new one as the older one
would hinder the operations. Businesses should minimize investing in
liabilities or may invest as long as it is planned and would guarantee the
success of the business.