Questions: Inventory does not include: Multiple Choice The cost of office equipment. Assets intended to be sold in the normal course of business. Materials used in the production of goods to be sold. Assets currently in production for normal sales.

The answer is the first one: The cost of office equipment.

Explanation for each option:

1. The cost of office equipment: This is correct. Office equipment is considered a fixed asset, not inventory. Inventory typically includes items that are intended for sale or are used in the production of goods to be sold.

2. Assets intended to be sold in the normal course of business: This is incorrect. These are considered inventory because they are items that a business holds for the purpose of selling them to customers.

3. Materials used in the production of goods to be sold: This is incorrect. These materials are part of inventory as they are used to produce goods that will eventually be sold.

4. Assets currently in production for normal sales: This is incorrect. These are considered work-in-progress inventory, as they are items that are being manufactured for future sale.

In summary, inventory does not include the cost of office equipment, as it is not intended for sale or used in the production of goods to be sold.