Which of the Following Is Not a Characteristic of Property

question 81

Multiple Choice

Which of the following is not a characteristic of property, plant and equipment (PPE) ?

• A)PPE are held for sale in the ordinary course of business.
• B)PPE are held for administrative purposes of the business.
• C)PPE are held for use in the ordinary course of business.
• D)PPE are held for rental to others by the business.

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Definitions:

Document Package

A set of documents grouped together, often for a specific purpose or requirement.

Appraisal

An estimate of the value of a property prepared by a person trained in the evaluation of the worth of property.

Survey

A systematic method of collecting data from a sample of individuals to gather information and insights on various subjects.

Solicitor's Fee

The charges or fees paid for the services of a solicitor, a type of lawyer in some jurisdictions.