Which One of the Following Is an Intangible Fixed Asset

question 77

Multiple Choice

Which one of the following is an intangible fixed asset?

• A)accounts receivable
• B)patent
• C)inventory
• D)equipment
• E)building

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Definitions:

Increasing Costs

This refers to a situation where the costs of production increase as the output level increases, often seen in industries with limited resources.

Production Efficiencies

Occurs when a firm or economy can no longer produce additional amounts of a good without lowering the production level of another product.

Trade Surplus

A situation where a country's exports exceed its imports during a specific period, reflecting a positive balance of trade.