A term that is not synonymous with property plant and equipment is
A) plant assets.
B) fixed assets.
C) intangible assets.
D) long-lived tangible assets.

Question

Quizplus · Accepted Answer

Intangible assets are assets that lack physical substance and cannot be touched, such as patents, copyrights, and trademarks. Property plant and equipment, on the other hand, are tangible assets that have a physical form and can be touched or seen, such as buildings, machinery, and vehicles. While plant assets, fixed assets, and long-lived tangible assets are all terms commonly used to refer to property plant and equipment, they are still synonymous with this category of assets.

A Term That Is Not Synonymous with Property Plant and Equipment