Which of the following would not be classified as property,plant,and equipment? A)buildings in current use B)land purchased for resale C)machinery D)tools used in production

Question

Quizplus · Accepted Answer

Land purchased for resale is classified as an investment rather than property, plant, and equipment. The other options (buildings, machinery, tools) are all assets that would be classified as property, plant, and equipment on a company's balance sheet.

Which of the Following Would not Be Classified as Property,plant,and