Accounting question: is it a fixed asset if multiple items total over $500?

Accounting question: is it a fixed asset if multiple items total over $500?
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Answer :

The price is irrelevant to the definition of a fixed asset. The common definition is applicable to items not readily convertible to cash, such as your house or the new furnace in your house—things you are unlikely to buy or sell in a hock shop or yard sale.
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