What is considered "expendable property"?

Expendable property refers to items that are intended for consumption or have a relatively short lifespan. This category includes supplies and materials that are used up during operations, such as office supplies, fuel, or food items. The defining characteristic of expendable property is that once consumed or utilized, it does not remain in inventory for future use and does not require ongoing management or tracking.

On the other hand, items that require long-term management or oversight would fall into categories such as durable property or capital assets. Historical artifacts are typically preserved and kept for their significance, thus not considered expendable. Finally, items that are stored indefinitely could pertain to inventory or non-expendable assets, as they do not get consumed. Therefore, the choice emphasizing the nature of expendable property—items that are consumed in use or have a short service life—is the correct one.