Question

Which of these is not a major characteristic of a plant asset?

Answer 1

Answer:

d. All of these are major characteristics of a plant asset.

Explanation:

The total assets comprise of current assets, fixed assets, and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.  

The fixed assets have the physical substance plus it is acquired for use only and it provides the services to the number of years.