Operations Management. Non-current assets are long term B. Research and development costs c. Franchise d. Copyrights C) Employees. Solution for Which of the following is not an intangible asset? Intangible assets are the main elements of a company because they increase the earning power of the enterprise along with the tangible assets (Smith and Parr 1994). In my view the intangible resources of Apple such as patents, copyrights, etc, are way more important than the tangible aspects of Apple such as liquidity, capitalization, etc. View solution. C. Accounts Receivable. Key TakeawaysAn intangible asset is an asset that is not physical in nature, such as a patent, brand, trademark, or copyright.Businesses can create or acquire intangible assets.An intangible asset can be considered indefinite (a brand name, for example) or definite, like a legal agreement or contract.More items A. 1. A) Shortening the estimated useful lives of depreciable assets will lead to a higher fixed asset turnover. Current assets are those resources that can be converted into cash within one year like marketable securities, inventory, prepaid expenses etc. Goodwill b. (d) Computer . Fixed asset. O Investments O Copyrights O Trademarks O Patents Answered: Which of the following is not an | bartleby Patent rights, goodwill, brand acknowledgment, and protected innovation, like licenses, These assets cannot be seen or touched and b. are not reported on the balance sheet because they lack physical substance.c. Interest payable. Fixed assets can include buildings, computer equipment, software, furniture, land, machinery, and vehicles. For example, if a company sells produce, the delivery trucks it owns and uses are fixed assets. Note that a fixed asset does not necessarily have to be "fixed" in all senses of the word. Which of the following would NOT be considered an intangible asset? Operations Management questions and answers. Goodwill b. Types of intangible assetsDefinite intangible assets. A definite intangible asset has a value with a set time limit. Indefinite intangible assets. An indefinite intangible asset is one that remains valuable for the life of the company. Intellectual property. Goodwill. 2. In relation to the amortization of intangible assets, if an intangible asset has a finite useful life: a. Identify the following as intangible assets, natural resources, or some other asset. C. A trademark. answered. (c) Patent. (a) Goodwill. It is not subject to an annual a. Which of the following is not an intangible asset that is reported on the balance sheet? D. All of these are intangible assets. Which of the following is not an intangible asset? Intangible assets a. are not reported on the balance sheet because they are expensed. List-I (Item of balance sheet of company) List-II (Heading of balance sheet) (a) Sundry debtors. Which of the following is not a intangible asset? Misc. Copyrights c. Employees d. Trademarks (b) Bills of exchange. Which of the following is not an intangible asset? B) Trademarks. It is the amount that the business has to receive from its debtors. >. Fixed asset. A. https://quizlet.com/380431835/ch-12-intangible-assets-flash-cards Intangible asset . should be reported (b) Computer software. a. Customer lists c. Prepaid advertising expenses d. Memberships 167. B. a. Intangible assets are those resources that has no physical existence and are used in operation for more than one year. Franchise. It must be amortized across a period not exceeding 5 years; b. Trade name b. A) Goodwill. Which of the following is not an intangible asset that is reported on the balance sheet? The Which of the following intangible assets is not amortized? timber Which of the following conveys an exclusive right to produce and sell the content contained in a textbook? QN=139 Which of the following is not considered an intangible asset? An accounts receivable is not an intangible asset. (b) Bills of exchange. Match List-I with List-II and select the correct answer using the codes given below the lists: List-I (Item of balance sheet of company) List-II (Heading of balance sheet) (a) Sundry debtors. Trade mark. 1. 2. Goodwill is an intangible asset that is not amortized, but is instead tested for impairment on an annual basis. Answer (D): Land. B) Using an accelerated depreciation method instead of the straight-line depreciation D. Secret Profit. D) Copyrights A patent. Explanation: An intangible asset or resource is an asset that isnt physical in nature.

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