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chapter-10-quiz-(all-possible-questions)
ACC 304 Week 4 Quiz – Strayer NEW
Week 4 Quiz 3: Chapter 10
ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND
EQUIPMENT
IFRS questions are available at the end of this chapter.
TRUE-FALSE—Conceptual
1. Assets classified as Property, Plant, and Equipment can be either
acquired for use in operations, or acquired for resale.
2. Assets classified as Property, Plant, and Equipment must be both
long-term in nature and possess physical substance.