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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Align Text Left

The formatting option in word processors and graphic design tools that aligns text to the left margin or edge of the text box.

Table Cell

An individual unit within a table that can hold data, forming part of a row and column.

Trendline

A graphical representation of trends in data series, used in charts and graphs to predict future values based on past performance.

Data Points

Individual units of information or measurements that are collected and analyzed as part of a larger dataset.