Solution-Following items should be classified as long term

Following items should be classified as long term

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Reference no: EM13928831

1. Which of the following items should be classified as long-term operational assets?

a. Delivery van
b. Land used in the business
c. Goodwill
d. Cash
e. Filing cabinet
f. Tax library of accounting firm LO 1
g. Prepaid insurance
h. Coal mine
i. Office equipment
j. Accounts receivable
k. Supplies
l. Copyright

Reference no: EM13928831

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Following items should be classified as long term

Reference no: EM13928831

Reference no: EM13928831

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