Question

Which of these are long-lived productive assets? (Check all that apply.)

a. Cash
b. Retained earnings
c. Machinery
d. Inventory
e. Delivery equipment

Answer 1

Long-lived productive assets are machinery and delivery equipment.

Step-by-step explanation:

Long-lived productive assets refer to items that are used in a business for an extended period of time and contribute to its production. In the given options, the long-lived productive assets are:

• Machinery: Machinery such as manufacturing equipment or tools are used by businesses for a long time to produce goods or provide services.
• Delivery equipment: Delivery vehicles or equipment, like trucks or vans, are used by businesses to transport goods or deliver services over a long period of time.

Therefore, the correct options are c. Machinery and e. Delivery equipment.