Which of the following is not a major characteristic of a plant asset?
Which of the following is not a major characteristic of a plant asset?
Select one:
a. Long-term in nature
b. Acquired for resale
c. Possesses physical substance
d. Acquired for use
Homework Answers
B. Acquired for Resale.
The major characteristics of a Plant Asset .
1.They are long term in nature and depreciated over the useful life of the Asset.
2.They have physical substance.
3.Plant assets are used in operations of the company and they are not acquired for resale..
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Which of the following is not a major characteristic of a plant asset?
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