Which of the Following Is Not an Intangible Asset

An example is the brand name of the company. Which of the following does not describe intangible assets.

17 1 Accounting For Property Plant Equipment And Intangible Assets Chapter 17 Intangible Asset Fixed Asset Learning Objectives

Intangible assets exist in opposition to tangible assets which include land vehicles equipment and inventory.

. An accounts receivable is not an intangible asset. They lack physical existence. Intangible assets other than goodwill may or may not be amortized depending on their useful lives to the entity.

Costs associated with a companys environmental and social activities. Current liabilities and long-term liabilities. It is the amount that the business has to receive from its debtors.

Which of the following characteristics do intangible assets possess. Accounting Treatment for Not for Profit Organizations. The other assets mentioned in alternatives a b and d- trademark franchises and secret processes are intangible assets.

If the asset is sold the provision for depreciation relating to the asset sold is transferred to. The reason goodwill is sometimes referred to as a master valuation account is because a. A interest payable.

An intangible asset is a useful resource without any physical presence. Office equipment is classified on the balance sheet as. Financial assets such as stocks and bonds which derive.

Assets with indefinite lives are not. Benton Office Supplies. Group of answer choices.

An intangible asset is either definite or indefinite. All of these are included. Goodwill is not amortized.

D All of these are intangible assets. Intangible assets created by a company do not have a recorded book value and do not appear on the balance sheet either. D all of these are intangible assets Ans.

The other assets mentioned in alternatives a b and d- trademark franchises and secret processes are intangible assets. Positive feelings customers have about a company. Assets with finite lives are amortized.

To protect its patent the corporation purchased on January 1 2007 a patent on a competing product which. Following are forms of Intangible assetsSol. Which of the following is NOT an intangible asset.

There is no arbitrary ceiling on the useful life of an amortized. Trademark Franchise Patent Inventory. An indefinite intangible asset will stay with the company as long as operations are still on.

What does goodwill represent in accounting. Intangible Assets and its Types. Property plant and equipment.

They are classified as long-term assets. Since goodwill is an intangible asset it is amortized each year using the straight-line method. It is the amount that the business has to receive from its debtors.

Examveda Which of the following is NOT an example of intangible assets. An intangible asset is an asset that is not physical in nature. The cost of an intangible asset with a finite useful life is amortized.

Patents copyrights trademarks and goodwill etc. Use the following information to answer questions 8 12. The cost of an intangible asset includes all of the following except.

A interest payable ba patent ca trade mark. Riser Corporation was granted a patent on a product on January 1 1998. Intangible assets with an indefinite useful life goodwill and most trademarks are not amortized.

Group of answer choices. Which of the following is not an intangible asset. Related Questions on Accounting Accounting provides information on.

Which of the following is not an example of an intangible asset. Which of the following intangible assets must be amortization and not depreciated. Which of the following is not an example of an intangible asset.

Hence the correct answer is C. Interest Payable is a liability in accounting terms it is displayed on an organizations asset report or balance sheet. Cost of fixed asset minus accumulated depreciation expenses of the fixed asset.

A definite intangible asset. Goodwill brand recognition and intellectual property such as patents trademarks and copyrights are all intangible assets. Tangible liabilities and intangible liabilities.

It is the difference between the fair market value of the net tangible and identifiable intangible assets as compared with the purchase price of the acquired business. Option D Solution By Examveda Team Land is NOT an example of intangible assets. Accounting for Not-for-Profit Organisations.

5 rows Match List-I with List-II and select the correct answer using the codes given below the lists. The following statement stands true when intangible assets are compared to the currentassetsSol. They are monetary assets.

Claim to a specific amount of cash in the future. An accounts receivable is not an intangible asset. An intangible asset is an asset that is not physical in nature.

Hence the correct answer is C. Which of the following is NOT an intangible asset. Such assets produce economic benefits but you cant touch them like other physical assets like Property Plants and Equipment PPE.

Which of the following would NOT be considered an intangible asset. It represents the purchase price of a business that is about to be sold. Which from the following is NOT an example of intangible assets.

Which of the following would NOT be considered an intangible asset. They provide long-term benefits.

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