Which of the Following Statements Regarding Intangible Assets Is Not

question 36

Multiple Choice

Which of the following statements regarding intangible assets is not correct?

• A) Intangible assets represent long-term rights and privileges of a nonphysical nature.
• B) A trademark is an example of an intangible asset.
• C) Intangible assets must be tested regularly to determine if their value has been impaired.
• D) Intangible assets should be amortized over a period not exceed 40 years.

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Definitions:

Workforce Analytics

Workforce analytics involves the use of statistical methods and analytics on employee data to improve hiring practices, workforce management, and business outcomes.

Turnover

The rate at which employees leave a company and are replaced by new employees.

Company Goals

The objectives or targets that a company aims to achieve, which guide its strategic and operational decisions.

Employee Efficiency

The effectiveness with which employees perform their tasks, often measured in terms of output in relation to input.