Selling property, plant, and equipment is a(n)

Question

Quizplus · Accepted Answer

Selling property, plant, and equipment is considered an investing activity because it involves disposing of a long-term asset (property, plant, and equipment) in order to obtain cash, which is then used to invest in other long-term assets or other investment opportunities. It is not an operating activity because it is not related to the day-to-day operations of the business, not a financing activity because it does not involve raising or paying back funds, and not a revenue activity because it does not involve generating revenue from the sale of goods or services.

Selling Property, Plant, and Equipment Is A(n)