Which of the Following Does Not Describe Intangible Assets

question 47

Multiple Choice

Which of the following does not describe intangible assets?

• A) They lack physical existence.
• B) They are monetary assets.
• C) They provide long-term benefits.
• D) They are classified as long-term assets.

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Definitions:

CAD Requirements

Specifications and criteria needed for the effective use of computer-aided design technology in drafting and design processes.

Holding Cost

The expenses associated with storing unsold goods or materials, including warehouse space, insurance, spoilage, and opportunity costs.

Shipping Cost

The expense associated with transporting goods from one location to another, including freight, handling, and packaging costs.

Holding Cost Rate

The annual cost per unit of holding an item in inventory, including storage, insurance, spoilage, theft, and other related costs.