Answer
13. (a)
Work Step by Step
Machinery retired from use and held for sale is similar to inventory and will, therefore, be classified as a current asset. However, it is important to recognize that it can also be classified as other assets.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 282: E5-3(13)
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