Which of the Following Is a CORRECT Statement About Long-Term

question 57

Multiple Choice

Which of the following is a CORRECT statement about long-term assets?

• A)Accumulated depreciation increases the cost of fixed assets on the balance sheet.
• B)Intangible assets are long-term assets with no physical substance.
• C)Long-term investments can never be sold by the company.
• D)Other long-term assets include supplies.