Which of the Following Is Not an Example of an Intangible

question 39

Multiple Choice

Which of the following is not an example of an intangible asset?
I. Trademark
II. Goodwill
III. Licences
IV. Oil and gas reserves

• A) II and III only
• B) III only
• C) I, II and IV only
• D) IV only

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Definitions:

Procurement Activity

The process undertaken by businesses to acquire goods or services, including planning, selection, and purchasing, to meet its requirements.

Activity Rate

A measure used in cost accounting to assign overhead costs to products or services, based on the amount of activity (such as machine hours or labor hours) consumed.

Activity Cost Pool

A categorization in cost accounting that aggregates costs incurred for a specific activity, aiding in more accurate product or service costing.

Product Development

The creation of new products or improvements to existing products to meet customer needs or market opportunities.