An Example of a Long- Term Asset Would Be

question 9

Multiple Choice

An example of a long- term asset would be:

• A)office supplies.
• B)patents.
• C)furniture.
• D)investment in LQH company.

---

Definitions:

Operating Lease

A lease agreement for the use of an asset without ownership transfer, typically involving payments for a period shorter than the life of the asset.

Required To Maintain

Obligatory actions or measures needed to keep a system, process, or asset in working order or to uphold a specific condition.

Manufacturer

A company or individual that produces finished goods from raw materials through the use of machinery and labor, involved in the industrial sector of the economy.

Direct Lease

A lease agreement where the lessee directly leases the asset from the owner or lessor without using a third party.