Question

A ( ) is one that does not quickly wear out and typically lasts at least 3 years.

A) Depreciable asset
B) Capital asset
C) Amortizable asset
D) Liquid asset

Answer 1

A durable asset is one that does not quickly wear out and typically lasts at least 3 years. This type of asset is also known as a capital asset. Capital assets are long-term investments made by firms, such as machinery, equipment, or buildings, that are expected to generate profits over a long period of time.

Step-by-step explanation:

A durable asset is one that does not quickly wear out and typically lasts at least 3 years. This type of asset is also known as a capital asset. Capital assets are long-term investments made by firms, such as machinery, equipment, or buildings, that are expected to generate profits over a long period of time.

durable asset is one that does not quickly wear out and typically lasts at least 3 years. This type of asset is also known as a capital asset. Capital assets are long-term investments made by firms, such as machinery, equipment, or buildings, that are expected to generate profits over a long period of time.