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.

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Definitions:

Tickets

Documents or electronic codes that grant the holder a right to admission to an event, travel on a vehicle, or participate in a lottery.

Proceeds Of Estate

The total sum of money or assets that are distributed from an estate after all debts and expenses have been paid.

Grandchildren

The children of one's son or daughter.

Machine Time

The duration for which a machine is operated or available for use in the production of goods or services.