Which of the following is typically a long-term asset?
A)an intangible asset such as a patent or copyright
B)cash
C)common stock
D)depreciation expense

Question

Quizplus · Accepted Answer

Intangible assets such as patents or copyrights are typically long-term assets as they provide benefits to the company for several years. Cash, common stock, and depreciation expense are not long-term assets.

Which of the Following Is Typically a Long-Term Asset