Which property classification would include tools?5
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Q: Which property classification would include tools?
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Answer :
Explanation :
Durable property classification would include tools. Nonexpendable property is property which has a continuing use, is not consumed in use, is of a durable nature with an expected service life of one or more years, has an acquisition cost of $300 or more, and does not become a fixture or lose its identity as a component of other equipment or plant.