Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the asset is long-lived but not used in the normal operations of the business, it will be classified as a(n) a.expense. b.intangible asset. c.investment.

If the asset is long-lived but not used in the normal operations of the business, it will be classified as a(n)

a.expense.

b.intangible asset.

c.investment.

d.fixed asset.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook

2nd Canadian Edition

1118168879, 9781118168875

More Books

Students also viewed these Accounting questions