Intangible Assets Do Not Include

question 104

Multiple Choice

Intangible assets do not include:

• A)Patents.
• B)Copyrights.
• C)Trademarks.
• D)Goodwill.
• E)Land held as an investment.

---

Definitions:

Period Cost

Costs that are not directly tied to the production process and are expensed in the accounting period in which they are incurred.

Insurance Expired

The portion of an insurance premium that has been used up during the policy term, representing a cost for the period.

Administrative Facilities

Facilities utilized for administrative purposes, including offices, meeting rooms, and support areas that help in the management and operation of an organization.

Indirect Costs

Costs not directly tied to a specific product, project, or activity, such as utilities, rent, and administrative expenses that support the overall operation.