One Characteristic of a Plant Asset Is That It Is

question 194

Multiple Choice

One characteristic of a plant asset is that it is

• A)intangible.
• B)used in the operations of a business.
• C)held for sale in the ordinary course of the business.
• D)not currently used in the business but held for future use.

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Definitions:

Inventions

Original creations or discoveries that offer new technical solutions or enhance existing ones.

Innovations

The process of translating an idea or invention into goods or services that create value or for which customers will pay.

Patented

A legal status provided to an inventor or assignee granting exclusive rights to use, make, and sell an invention for a certain period of time.