All of the following are characteristics of plant assets except:
A)tangible
B)used in the business
C)held as an investment
D)life longer than one year

Question

Quizplus · Accepted Answer

Plant assets are tangible assets that are used in the business and have a life longer than one year. They are not typically held as an investment, as the primary purpose of plant assets is to generate income for the business. Therefore, choice C is the correct answer as it is not a characteristic of plant assets.

All of the Following Are Characteristics of Plant Assets Except