Equipment is considered to be a _________________, and with some equipment being at a lower price, it is up to the individual organization as to how they record the equipment.
A) short-term liability
B) long-term liability
C) short-term asset
D) long-term asset

Question

Quizplus · Accepted Answer

Equipment is considered a long-term asset because it is expected to provide value to the company for more than one year.

Equipment Is Considered to Be a _________________, and with Some