Your university has contracted with a construction company to build a new bookstore; in doing so, the contractor will use heavy machinery and equipment. How are these items classified?
A) human resources
B) current resources
C) natural resources
D) capital

Question

Quizplus · Accepted Answer

Heavy machinery and equipment are considered capital because they are long-term assets used to generate income for the university over an extended period.

Your University Has Contracted with a Construction Company to Build