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

Question

Quizplus · Accepted Answer

Fixed assets such as property, plant, and equipment are distinguished by the intention to use them for the future production of goods and services, rather than for immediate sale or purely for investment purposes. This usage is what differentiates them from other assets, as it implies a long-term benefit to the company's operations rather than short-term financial gain.

The Factor That Distinguishes Fixed Assets Such as Property, Plant