Computers taken on hire by a business for a period of twelve months should be classified as:

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Computers taken on hire by a business for a period of twelve months should be classified as:
(A) Current assets
(B) Intangible assets
(C) Deferred revenue expenditure
(D) Not an asset

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic