Which of the Following Is NOT Considered a Plant Asset

question 104

Multiple Choice

Which of the following is NOT considered a plant asset?

• A) Copyright
• B) Building
• C) Land
• D) Equipment

---

Definitions:

Delivery Expense

Costs incurred by a business for the transportation or delivery of goods to customers, often classified as an operating expense.

Periodic Inventory System

An inventory accounting system where updates to the inventory accounts occur at specific periods rather than continuously, often requiring a physical count.

Merchandise Inventory

Goods and products that a retailer, wholesaler, or distributor has on hand to sell to customers.

Purchases

In accounting, refers to the acquiring of goods or services that are necessary for the operation of a business or for resale.