Property,plant,and equipment are categorized as ________.
A)current assets
B)plant assets
C)long-term investments
D)short-term investments

Question

Quizplus · Accepted Answer

Property, plant, and equipment are long-term assets that are not intended for sale, but rather used in the operations of the business. This makes them a type of plant asset. They are not categorized as current assets because they are not expected to be converted into cash within one year. They are also not classified as long-term investments because they are not held for the purpose of generating interest or dividends. Finally, they are not considered short-term investments because they are not expected to be sold within one year.

Property,plant,and Equipment Are Categorized as ________