The correct option is C : Computer equipment is classified as a tangible fixed asset. Tangible assets, such as computer equipment, are often tangible assets or property that a corporation owns.
Computers, workstations, and structures are a few examples of tangible assets. Contrarily, intangible assets are those that are difficult for the senses to perceive; in the world of accounting and finance, these assets are frequently referred to as "goodwill."
Buildings, machinery, computers, software, furniture, land, and cars are examples of fixed assets. Assets with a physical worth are typically referred to as tangible fixed assets. Your company's physical location, inventory, equipment, and machinery are a few examples of this. When you submit your annual accounts, you must account for the market value of tangible fixed assets. Depreciation on certain of these assets, including computer hardware, must be accounted for in your accounts.
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