Long-lived assets include accounts receivable and inventory.

Name: Long-lived assets include accounts receivable and inventory.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Long-lived assets typically refer to tangible assets such as property, plant, and equipment, as well as intangible assets such as patents, trademarks, and goodwill. Accounts receivable and inventory are current assets representing short-term investments that are expected to be converted into cash within one year or less. Therefore, they are not considered long-lived assets.

Long-Lived Assets Include Accounts Receivable and Inventory