Which of the following is not a major characteristic of a plant asset Select one: a. Acquired for use b. Possesses physical substance c. Acquired for resale d. Long-term in nature 2 The term "depreciable base," or "depreciation base," as it is used in accounting, refers to ut of question Select one: O a. the estimated fair value of the asset at the end of its useful life. O b. the acquisition cost of the asset. C. the total amount to be charged (debited) to expense over an asset's useful life. d. the cost of the asset less the related depreciation recorded to date. on 5 Which of the following is not a major characteristic of a plant asset ed Select one: out of a. Possesses physical substance b. Acquired for resale c. Acquired for use d. Long-term in nature e