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Which of the following statements is incorrect? Select one: A.The life cycle of a plant asset includes: acquisition, usage, and disposal. B.Plant assets are long-lived
Which of the following statements is incorrect?
Select one:
A.The life cycle of a plant asset includes: acquisition, usage, and disposal.
B.Plant assets are long-lived tangible assets used in the operations of a business.
C.Plant assets not currently being used in business operations are classified as long-term investments.
D.Depreciation is recorded on all plant assets.
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