Direct Materials Can Be Directly Traced to the Goods or Services

question 126

True/False

Direct materials can be directly traced to the goods or services being produced.

---

Definitions:

Tangible Assets

Physical assets that can be seen and touched, such as machinery, buildings, and inventory.

Generate Revenue

The process of earning income from operations or activities, typically through the sale of goods or services.

Alternative Future Uses

Potential different applications or functions which an asset can serve in the future.

Research and Development

Activities undertaken by a business or government in order to innovate and introduce new products, processes, or services, or to improve upon existing ones.