Which of the Following Statements Is Incorrect

question 17

Multiple Choice

Which of the following statements is incorrect?

• A) The life cycle of a plant asset includes: acquisition, usage, and disposal.
• B) Depreciation is recorded on all plant assets.
• C) Plant assets not currently being used in business operations are classified as long-term investments.
• D) Plant assets are long-lived tangible assets used in the operations of a business.

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Definitions:

Adjectives

Words used to describe or modify nouns, often to specify qualities or characteristics.

Past Perfect Tense

A tense in grammar used to describe an action that was completed before another past action.

Sexist Language

Language that discriminates against or stereotypes individuals based on their gender.

Techniques

Methods or ways of carrying out a particular task or process.