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Is the value of the Manufacturing Plant considered a long term or a short term asset?
Solution
Answer :- Long term asset.
Explanation :- Manufacturing Plant would be considered as long-term asset because it would
appear (remain) in the balance sheet of firm / company for more than one financial (accounting)
year.

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Is the value of the Manufacturing Plant considered a long term or a .pdf

  • 1. Is the value of the Manufacturing Plant considered a long term or a short term asset? Solution Answer :- Long term asset. Explanation :- Manufacturing Plant would be considered as long-term asset because it would appear (remain) in the balance sheet of firm / company for more than one financial (accounting) year.