A company that installs and maintains signs along major highways has a truck equipped with a 50-metre crane that is capable of lifting up to 15 tons. The company's accountant depreciated the value of the vehicle over several years. What type of business product is the truck with a crane?

Question

Quizplus · Accepted Answer

The truck with a crane is a major equipment as it is used as a main or central asset in the company's business operations. It is not a component part, which is a smaller part of a larger product, nor is it a processed material or a fabricating item.

A Company That Installs and Maintains Signs Along Major Highways