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Which of the following is not a major characteristic of a plant asset? Select one: a. Acquired for use. b. The useful life is greater

Which of the following is not a major characteristic of a plant asset? 


Select one:


a. Acquired for use.


b. The useful life is greater than one year.


c. Acquired for resale.


d. Possesses physical substance. 




The bonds should be classified as long-term debts.


Select one: 


a. True. 


b. False.

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