A productive asset:
A)will be used up within 1 year from the balance sheet date.
B)is the same as stockholders' equity.
C)is part of inventory.
D)is used to produce goods or services that will be sold to customers.

Question

Quizplus · Accepted Answer

Long-lived assets are business assets acquired for use over one or more years.These assets are not intended for resale.Instead,they are considered "productive" assets in the sense that they enable the business to produce the goods or services that the business then sells to customers.

A Productive Asset