The caption "property, plant, and equipment" generally includes

Question

Quizplus · Accepted Answer

"Property, plant, and equipment" refers to long-term, tangible assets that are used in operations and have a useful life of more than one year. These assets are typically depreciable, meaning their cost is allocated over their expected useful life based on their estimated salvage value. Therefore, the best choice is B - Depreciable assets. Options A and C are incorrect as they refer to current assets, assets that are expected to be consumed or converted into cash within one year. Option D is incorrect as all assets included in "property, plant, and equipment" have future service potential.

The Caption "Property, Plant, and Equipment" Generally Includes