Supplies are assets that have a longer life than equipment.

Name: Supplies are assets that have a longer life than equipment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Supplies are typically items that have a shorter lifespan than equipment and are often consumed in the operation of a business. Examples include office supplies, cleaning products, and packaging materials. Equipment, on the other hand, is typically more expensive and has a longer useful life, such as computers, machinery, and vehicles.

Supplies Are Assets That Have a Longer Life Than Equipment