All of the following characteristics are common to both tangible and intangible noncurrent assets with finite lives except
A) held for use and not for investment.
B) expensed in the periods in which the assets are used in operations.
C) have either a physical or financial nature.
D) derive value from the ability to generate economic benefits.

Question

Quizplus · Accepted Answer

Noncurrent assets with finite lives, whether tangible or intangible, are not defined by having a physical or financial nature; tangible assets are physical, while intangible assets lack physical substance.

All of the Following Characteristics Are Common to Both Tangible