Which of the following would not be classified as property, plant and equipment on a balance sheet?
A) Land held for investment.
B) Equipment used in the manufacturing process.
C) A building used as corporate headquarters.
D) A natural resource being mineD.Land held as an investment would be reported on a balance sheet as an investment.
Correct Answer:
Verified
Q25: Selling a depreciable asset for a gain
Q26: Which of the following transactions would not
Q27: The first step in recording the disposal
Q29: If a long-lived asset has been impaired,the
Q37: Which of the following includes only intangible
Q39: Gains and losses on disposal of a
Q41: Which of the following equipment related costs
Q49: On August 1,Red Company purchased computer equipment
Q50: Which of the following does not properly
Q52: On March 1,Wright Company purchased new equipment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents