The factor that distinguishes fixed assets such as property,plant and equipment from other assets is:

Question

Quizplus · Accepted Answer

Fixed assets such as property, plant, and equipment are intended to be used in the future production of goods and services, rather than being held for the purpose of sale. This distinguishes them from assets that are held for the purpose of generating short-term income or gains, such as trading securities. The physical existence of fixed assets is not unique to this asset class, and assets that provide future benefits are not necessarily fixed assets.

The Factor That Distinguishes Fixed Assets Such as Property,plant and Equipment