Which of the Following Is a CORRECT Statement About Long-Term

question 86

Multiple Choice

Which of the following is a CORRECT statement about long-term assets?

• A)Accumulated depreciation increases the cost of property,plant,and equipment on the balance sheet.
• B)Intangible assets are long-term assets with no physical form.
• C)Long-term investments can never be sold by the company.
• D)Other long-term assets include supplies.

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Definitions:

Represent

To symbolize or stand for something, often used in programming and modeling to indicate how entities or concepts are modeled in code.

Importing Package

The process of making classes and interfaces from one package available to another by using the import statement in languages like Java.

Efficiency

The ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in.

Echoing User Input

The act of receiving input from the user and then displaying it back to the user, often used for verification or confirmation.