Elance Exams Answers PDF file

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Which of the following is a long term asset?

On a balance sheet, the value of a company's property, equipment and other capital assets expected to be used within one year.
On a balance sheet, the value of a company's property, equipment and other capital assets expected to be useable for more than one year, minus depreciation.
On an income statement, the value of a company's property, equipment and other capital assets expected to be useable for less than one year, minus depreciation.
On an income statement, the value of a company's property, equipment and other capital assets expected to be useable for more than one year, minus depreciation.
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