Ogle Owns a Phone, a Tablet, and a Patent on an App

question 34

Multiple Choice

Ogle owns a phone, a tablet, and a patent on an app. Ogle's intangible property includes

• A) the phone.
• B) the tablet.
• C) the patent.
• D) all of the choices.

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, resulting in a constant annual charge.

Capital Budgeting

The approach of examining and picking out long-term investments congruent with the aim of enhancing shareholder wealth.

Straight-Line Depreciation

A technique for determining the depreciation of an asset that evenly spreads its cost over its lifespan.

Capital Budgeting

The process by which a business determines and evaluates potential large expenses or investments.