Which of the following is not a major characteristic of a plant asset?
A) Possesses physical substance
B) Acquired for resale
C) Acquired for use
D) Yields services over a number of years

Question

Quizplus · Accepted Answer

Plant assets are acquired for use and not for resale. The major characteristics of a plant asset include possessing physical substance, being acquired for use, yielding services over a number of years, and having a significant cost.

Which of the Following Is Not a Major Characteristic of a Plant