A Characteristic of a Plant Asset Is That It Is

question 108

Multiple Choice

A 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.

---

Definitions:

Strict Liability

Refers to a legal doctrine in tort law where a party is held responsible for damages or harm caused without the need for proof of negligence or fault.

Fireworks

Explosive devices used typically for entertainment, producing visual and auditory effects through combustion.

Unintentionally

Without deliberate intent or planning, often leading to unforeseen or accidental outcomes.

Defamation

The intentional tort that occurs when a false statement is communicated to others that harms a person’s good name or reputation.