menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial ACCT2
  4. Exam
    Exam 8: Fixed Assets and Intangible Assets
  5. Question
    Resources That Are Used in Operations More Than One Year
Solved

Resources That Are Used in Operations More Than One Year

Question 6

Question 6

Multiple Choice

Resources that are used in operations more than one year with no physical substance are called:


A) current assets.
B) intangible assets.
C) plant assets.
D) property, plant, and equipment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: The accounting life of intangible assets is

Q2: Fly High Airlines acquires a new aircraft.

Q3: ABC and XYZ Companies purchased identical equipment

Q4: According to accounting standards, the costs of

Q7: Exhibit 8-1<br>For each of the following sentences,

Q8: Expenditures that increase the expected useful life

Q10: Which balance sheet section is most affected

Q11: Everett, Inc. <br>Information for Everett, Inc. for

Q51: Goodwill can be recorded as an asset

Q55: A company purchases equipment for $32,000 cash.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines