Capital assets are also referred to as
A)long-lived assets.
B)balance sheet asset.
C)cash assets.
D)investment assets.

Name: Capital assets are also referred to as A)long-lived assets. B)balance sheet asset. C)cash assets. D)investment assets.
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Question

Quizplus · Accepted Answer

Capital assets are typically long-lived assets that are expected to provide benefits to a company for many years. While they are recorded on the balance sheet as assets, they are not necessarily cash assets or investment assets.

Capital Assets Are Also Referred to as