Two features distinguishing property, plant, and equipment (PPE) from other assets are that: a. PPE is used
Question:
Two features distinguishing property, plant, and equipment (PPE) from other assets are that:
a. PPE is used in business operations to generate revenue and provides benefits for more than one accounting period.
b. PPE is acquired through a contract and provides benefits for more than one accounting period.
c. PPE is used in business operations to generate revenue and adds value to the organization.
d. None of the above.
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Related Book For 
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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