Match Each Asset with the Appropriate Category

question 94

Multiple Choice

Match each asset with the appropriate category.
-Office computer

• A)I - Intangible long-lived asset
• B)N - Not a long-lived asset
• C)T - Tangible long-lived asset

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Definitions:

Trade Discount

A reduction in the listed price of a good or service offered by a vendor to buyers in the same trade.

Retail Price

The total cost at which an item is sold to the consumer, including all applicable taxes and fees.

Textbooks

Books used as a standard work for the study of a particular subject.

S&P/TSX Composite Index

A stock market index in Canada that measures the performance of the largest companies on the Toronto Stock Exchange (TSX).