Multiple Choice
Which of the following is not a major characteristic of a plant asset?
A) Possesses physical substance
B) Acquired for resale
C) Acquired for use
D) Long-term in nature
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q32: Variable overhead costs incurred to self-construct an
Q38: Under IFRS, all gains on non-monetary exchanges
Q39: Construction of a qualifying asset is started
Q41: Which of the following statements is true
Q43: Which of the following is a capital
Q45: When an asset acquired through government grants
Q47: One way of recognizing a government grant
Q55: Which of the following costs are capitalized
Q123: The debit for a sales tax properly
Q167: Avoidable interest is the amount of interest