Which classification of business goods is usually consumed over a long period and usually involves large sums of money?
A) convenience items
B) capital items
C) installations
D) expense items

Question

Quizplus · Accepted Answer

Capital items are usually consumed over a long period and involve large sums of money. They are considered major investments for a business, such as machinery, buildings, and vehicles. Convenience items and expense items are usually consumed quickly and involve smaller amounts of money, while installations are a type of capital item that involves installing equipment or systems within a building or property, but may not involve as much money as other capital items.

Which Classification of Business Goods Is Usually Consumed Over a Long