The intent to use property, plant, and equipment as part of the operations of a client's business is a significant characteristic that differentiates these assets from other assets like inventory and prepaid expenses.

Question

Quizplus · Accepted Answer

Property, plant, and equipment are used to generate revenue through the operations of a business, whereas inventory and prepaid expenses are typically consumed or used up in the near term.

The Intent to Use Property, Plant, and Equipment as Part