Which of the Following Assets Would Be Classified as Property

question 103

Multiple Choice

Which of the following assets would be classified as property, plant, and equipment?

• A) Office building to be demolished in nine months
• B) Natural gas reserves expected to produce for more than a decade
• C) Land held as a long-term investment
• D) Financial securities expected to produce significant returns for the next seven years

---

Definitions:

Performance

A measure of how effectively a task or job is executed.

Reward Systems

Mechanisms designed to recognize and reward employees' performance and contribution to the organization.

Organizational Structure

The system that outlines how activities are directed in order to achieve an organization's objectives, including its roles, responsibilities, and communication pathways.

Policy

A course of action adopted and pursued by a government, business, or individual.