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:

Hyoid Bone

U-shaped bone between the mandible and larynx.

Axial

Relating to or situated around a central axis, typically referring to the body or parts of the body.

Auditory Ossicles

The three small bones in the middle ear that are critical in transmitting sound vibrations to the inner ear.

Axial

Relating to the central part of the body, which includes the head, neck, and trunk.