To be capitalized as part of property, plant and equipment, assets must:
A)have expected useful lives of more than one year.
B)not be acquired for resale.
C)be useful in multiple productive capacities within the organization.
D)A and B, but not C.

Question

Quizplus · Accepted Answer

Assets must have expected useful lives of more than one year and not be acquired for resale to be capitalized as part of property, plant, and equipment.

To Be Capitalized as Part of Property, Plant and Equipment