Which of the Following Is a Difference Between Intangible Assets

question 29

Multiple Choice

Which of the following is a difference between intangible assets and property, plant and equipment (PPE) ?

• A)Intangibles lack physical substance.
• B)PPE benefit more than one year.
• C)Intangibles are held for use in the ordinary course of business.
• D)Intangible assets are generally identifiable.

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Definitions:

Mutual Agreement

A consensus reached by two or more parties on a particular issue, often formalized in a contract or distinct arrangement.

Payment Full Monthly

This refers to the practice of paying the entire amount due for a service or debt every month, without carrying over any balance to the next month.

Truth in Lending Act

A national regulation aimed at encouraging the knowledgeable use of consumer credit through mandated disclosures regarding its conditions and expenses.

Fair Credit Reporting Act

A U.S. federal law that regulates the collection, dissemination, and use of consumer credit information.