Buildings are classified on the balance sheet as
A)a current asset.
B)property, plant, and equipment.
C)an intangible asset.
D)a long-term investment.

Name: Buildings are classified on the balance sheet as A)a current asset. B)property, plant, and equipment. C)an intangible asset. D)a long-term investment.
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Question

Quizplus · Accepted Answer

Buildings are considered property, plant, and equipment on the balance sheet because they are long-term assets that are used in the operation of the business.

Buildings Are Classified on the Balance Sheet as