Equipment Is Classified on the Balance Sheet as

question 77

Multiple Choice

Equipment is classified on the balance sheet as

• A) a current asset.
• B) property, plant, and equipment.
• C) an intangible asset.
• D) a long-term investment.

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Definitions:

DRM

Digital Rights Management, technology used to control the use of digital content and devices after sale.

Access Control

Access control is a security technique that regulates who or what can view or use resources in a computing environment, encompassing authorization, authentication, and audit.

Copyright

A creator’s exclusive rights to use a work of intellectual property, such as making copies of it or selling it.

Intellectual Property

Legal rights given to individuals or companies over creations of the mind, such as inventions, literary and artistic works.