Assets that aren’t expected to provide benefits for a number of accounting periods are called
A. current assets.
B. fixed assets.
C. long-term assets.
D. property, plant, and equipment.

Question

Assets that aren’t expected to provide benefits for a number of accounting periods are called
  A. current assets. 	
  B. fixed assets. 	
  C. long-term assets. 	
  D. property, plant, and equipment.

anonymous · Answer

@ab60093

anonymous · Answer

I would guess long-term assets, but I've never taken this course before.

anonymous · Answer

If I had to guess the basic definitions of these answers, it would go like this.
Current asset- an asset that could provide benefits at any time, but may lose value.
Fixed asset- an asset that is unlikely to gain or lose value
Property, plant, equipment-  just that

anonymous · Answer

so what u think

anonymous · Answer

current asset

anonymous · Answer

I think the answer is probably long-term asset

anonymous · Answer

But again, I'm not sure.  If it were me, I would just google all of your answer choices.  The definition of each should pop up relatively quick

anonymous · Answer

fixed

anonymous · Answer

Omg, so sorry my internet just cut out

anonymous · Answer

umm, I'd agree. I say fixed