Long-Lived Assets Without Physical Substance Are

question 79

Multiple Choice

Long-lived assets without physical substance are

• A)listed directly under current assets on the statement of financial position.
• B)not listed on the statement of financial position because they do not have physical substance.
• C)intangible assets.
• D)listed as a long-term investment on the statement of financial position.

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Definitions:

Worm Gear

A type of gear consisting of a worm (screw) that meshes with a gearwheel, used in mechanisms where large gear reductions are needed.

Preload

A predetermined force applied to a component, such as a bearing on assembly, usually with the objective of preventing unwanted (end) play in operation.

Endplay

The axial movement or float of a shaft or part within its housing, which can be critical for the proper functioning of mechanical systems.

Hydrostatic Systems

Systems that use a liquid under pressure to transfer force or motion, often found in hydraulic machinery and equipment.