Terms Flashcards

1
Q

A type of asset that is not easily sold in the regular course of a business’s operations for cash and is generally owned for its role in contributing to the business’s ability to generate profit. Furthermore, it is expected that the benefits gained from the asset will extend beyond a time span of one year

A

On a business’s balance sheet, capital assets are represented by the property, plant and equipment figure.

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2
Q
A
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