Which One of These Is an Intangible Asset

question 28

Multiple Choice

Which one of these is an intangible asset?

• A)Building
• B)Machinery
• C)Vehicle
• D)Loan
• E)Trademark

Recognize the accounting principles for intangible assets including goodwill, patents, and research and development costs.

Distinguish between the different types of costs associated with acquiring tangible and intangible assets.

Grasp the concept of asset turnover and its calculation.

Recognize the accounting treatments for natural resources including depletion.

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Definitions:

Injunction

A court order requiring an individual or entity to do or to refrain from doing a specific act, used as a remedy in many types of disputes.

Minimum Wage

The lowest legal hourly pay that employers are allowed to pay workers, established to ensure a basic standard of living for employees.

Pay Equity

A principle (or statute) requiring equal pay for work of equal value.

Disabled Workers

Individuals who have a physical or mental impairment that substantially limits one or more major life activities, and are part of the workforce.