Equipment would appear on the:

Question

Quizplus · Accepted Answer

Equipment is a non-current asset and would therefore appear on the balance sheet under the section for non-current assets. Option A is incorrect because revenues are related to the sale of products or services, and equipment is not a type of revenue. Option C is incorrect because current assets are assets that are expected to be converted into cash within one year, and equipment is typically not something that can be easily or quickly converted into cash. Option D is incorrect because operating expenses relate to the day-to-day costs of running a business, and equipment is not an operating expense.

Equipment Would Appear on The