
a.
Introduction:
Plant assets are the long-term assets used in the operations of the business and for maintaining the earning capacity of the business. These are the assets that are not intended to be sold and are used for long-term business purposes.
:
The difference in Plant and current asset.
b
Inventory: Inventory is a stock in trade held by the business for the purpose of resale in the trade from which the earnings of profit is expected by the business.
Difference between plant assets and inventory.
c
Long-term investment:
Long-term investments are the assets held and acquired from the surplus funds of the business to generate supplementary income in the form of rental, dividend or interest.
Difference between plant assets and long-term investment.

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Chapter 8 Solutions
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
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