Which of the following is not a major characteristic of a property, plant, and equipment asset?
A) Possesses physical substance
B) Yields services over several years
C) Acquired for resale
D) Acquired for use

Question

Quizplus · Accepted Answer

Property, plant, and equipment assets are acquired for use in operations and not for resale, which is a characteristic of inventory rather than fixed assets.

Which of the Following Is Not a Major Characteristic of a Property