Intangible Assets Are Assets Used in Business Operations but Which

question 9

Multiple Choice

Intangible assets are assets used in business operations but which:

• A)Lack physical substance.
• B)Cannot be sold.
• C)Have been depreciated below their estimated salvage values.
• D)Cannot be specifically identified.

---

Definitions:

Lease Liability

A financial obligation representing the present value of all future lease payments a lessee is committed to make under lease agreements.

Invests

The act of allocating resources, usually money or capital, in something to earn financial returns or gain profitable outcomes.

Lump Sum

An amount of money paid in a single payment, rather than in installments.

11% Return

A specific rate of return on an investment, denoting a gain of eleven percent on the original amount invested.