What are "nonexpendable items"?

Nonexpendable items refer to those assets that are not consumed in use and are expected to be retained over an extended period. These items typically have a useful life that exceeds a single reporting period and are generally considered part of an organization's long-term assets. Examples of nonexpendable items include equipment, machinery, and certain types of furniture, which are utilized over several years without being depleted in the process.

Understanding the classification of nonexpendable items is crucial for effective property accountability and management, as they require different handling and tracking compared to items that are expendable or consumable. This distinction ensures that organizations maintain accurate inventory records and comply with applicable property management policies.

In contrast, the other choices refer to different categories of items that fall under various classifications. Items that are consumed in use represent expendable items, while those purchased for resale are typically classified as inventory rather than property assets. Items that can be easily replaced might be considered expendable or low-value assets, further differentiating them from nonexpendable items.