Which of the following is not a balance sheet category for long-lived assets?

Question

Quizplus · Accepted Answer

Revenue expenditures are not categorized as long-lived assets on the balance sheet. They are typically expensed in the period they are incurred and do not provide future economic benefit beyond the current period, unlike property, plant and equipment, and intangible assets which are capitalized and amortized or depreciated over their useful lives.

Which of the Following Is Not a Balance Sheet Category