Other descriptive titles for fixed assets would include
A)plant assets.
B)property,plant,and equipment.
C)other long-term assets
D)both plant assets and property,plant,and equipment.

Question

Quizplus · Accepted Answer

Fixed assets can be referred to as plant assets or property, plant, and equipment. Therefore, both options A and B are correct. Option C, "other long-term assets," is a more general term that includes non-fixed assets such as investments or customer contracts. Therefore, D is the best choice.

Other Descriptive Titles for Fixed Assets Would Include