Plant Assets Are Defined As

question 152

Multiple Choice

Plant assets are defined as:

• A)Tangible assets that have a useful life of more than one accounting period and are used in the operation of a business.
• B)Current assets.
• C)Held for sale.
• D)Intangible assets used in the operations of a business that have a useful life of more than one accounting period.
• E)Tangible assets used in the operation of business that have a useful life of less than one accounting period.

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Definitions:

Tactical Plan

A plan that helps to implement all or parts of a strategic plan.

Strategic Plan

A plan that identifies long-term directions for the organization.

Implement

To put into effect or action a plan, idea, or policy.

Long-Range Plan

A detailed roadmap designed by an organization to guide its direction, actions, and decisions over a period of years, focusing on achieving strategic goals.