Questions
Single choice
Which of the following items are plant assets? (Check all that apply.) BlackTom题目解析
Options
A.Land held for expansion
B.Building used for operations
C.Equipment with a useful life of less than one accounting period.
D.Equipment used in operations
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Step-by-Step Analysis
Let's examine what qualifies as plant assets. Plant assets, also known as property, plant, and equipment (PP&E), are long-term tangible assets used in the operations of a business and not intended for resale.
Option 1: Land held for expansion. Land is a tangible fi......Login to view full explanationLog in for full answers
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