Which of the following is not a characteristic of tangible long-lived assets?
A)Productive
B)Used over one or more years
C)Not intended for resale
D)Amortized over their useful lives

Question

Quizplus · Accepted Answer

Long-lived assets are business assets acquired for use over one or more years.These assets are not intended for resale.Instead,they are considered "productive" assets in the sense that they enable the business to produce the goods or services that the business then sells to customers.Tangible long-lived assets are depreciated over their useful lives;intangible long-lived assets are amortized over their useful lives.

Which of the Following Is Not a Characteristic of Tangible