Which of the Following Statements Is True

question 74

Multiple Choice

Which of the following statements is true?

• A)Long-lived tangible assets will not be used up within one year,but there is no minimum useful life for long-lived intangible assets.
• B)Items in a company's inventory that are not expected to be sold in the next year are considered long-lived assets.
• C)All long-lived intangible assets must be expensed over a period of 40 years or less.
• D)Intangible assets with unlimited or indefinite lives are not amortized.

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Definitions:

Constriction

The act of tightening or narrowing of a passage or opening in the body or any other structure.

Muscular Wall

Structure composed of muscle tissue that makes up part of the body's organs, such as the stomach or heart, enabling movement and function.

Impulse

A sudden desire to act or a neural signal transmitted through the nervous system.

Ventricles

Chambers within the heart or brain that have specific functions, such as pumping blood in the case of the heart or storing cerebrospinal fluid in the case of the brain.