For items select the appropriate section of the balance sheet in which the item would be reported.
-Cost of a building expected to be used by the company for ten more years.
A) Long-term Investments
B) Property, Plant, & Equipment
C) Current Liabilities
D) Long-term Liabilities
E) Shareholders' Equity

Question

Quizplus · Accepted Answer

The cost of a building expected to be used by the company for ten more years is classified under Property, Plant, & Equipment (PP&E) on the balance sheet, as it is a tangible fixed asset used in operations and not expected to be converted into cash within a year.

For Items Select the Appropriate Section of the Balance Sheet