Which of the following is not a major characteristic of a plant asset?
a. Possesses physical substance
b. Acquired for resale
c. Acquired for use
d. Yields services over a number of years
Answer: b. Acquired for resale
Business
You might also like to view...
The first step of the 5-step process costing procedure is to summarize total costs to account for
Indicate whether the statement is true or false
Business
The power of the state to condemn an owner's property is called the power of
a. prescription. b. eminent domain. c. licensing. d. zoning.
Business