Assets that aren't expected to provide benefits for a number of accounting periods are called ? A. Fixed assets B. Property, plant, and equipment C. Long -term assets D. Current assets
Business · Middle School · Mon Jan 18 2021
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Assets that aren't expected to provide benefits for a number of accounting periods are typically referred to as:
C. Long-term assets
Long-term assets are assets that are not expected to be converted into cash or consumed within the company's normal operating cycle, which is usually longer than one year. These assets include items like long-term investments, property, plant, equipment, intangible assets and other non-current assets.