财务会计英文版后习题答案Ch9.docVIP

CHAPTER 9 DISCUSSION QUESTIONS 1. The major characteristics of property, plant, and equipment are as follows: a. They are physical objects that can be seen and touched. b. They are used in operations to produce goods or provide services. c. They usually have a useful life of two or more years. 2. Money has a time value because money today can be invested and earn interest in the future. Because of this time value, payments made in the future must be discounted to their present values. For example, assume that a company that has $200 today has to pay that money for loan payments, $100 tod