Which of the following assets have definite physical share or identity and existence? [A] fictitious assets [B] current assets [C] tangible assets [D] intangible assets

Q: 9. Which of the following statements is correct? The term non-current assets includes tangible,…

A: The operating cycle represents the time lag between buying the goods and converting them in the form…

Q: Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the…

A:

Q: List all the fixed assets and categories them in Tangible and Intangible Assets. Non-current…

A: Introduction Fixed assets: Fixed assets are those assets which generates benefit and revenue for…

Q: Which of the following would be classified as an intangible asset on the balance sheet? Mutiple…

A: These are the long-term assets that are not physical in nature but possess value. The intangible…

Q: 1. Identifiable intangible assets are those intangible assets that: A. have been purchased by the…

A: Intangible assets are those assets which do not have physical existence.

Q: Explain how the accounting treatment differs between purchased and internally developed intangible…

A: Intangible assets: Intangible assets are the long-term assets having no physical existence. However,…

Q: Describe the accounting for various types of intangible assets.

A: Intangible assets:   These are the long-term assets which are not physical in nature, but possess…

Q: Which of the following accountin justification for the fact that the c non-current asset is reported…

A: Solution: "Going Concern" accounting concept  provides justification for the fact that the carrying…

Q: 1. Long-lived assets include which of the following? a. Tangible assets such as equipment. b.…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Assets That Are Intangible definition

A: Asset: Assets refer to the resources owned by the business, which are utilized in the course of the…

Q: In your own words explain the term “identifiable” as per IAS38 – Intangible assets.

A: Introduction:- Intangible assets are expected to generate economic for more than one year or one…

Q: Which of the following would not be classified as a current asset? Prepaid expenses Plant, property…

A: Current assets are those assets which are already in cash or can be converted into cash into short…

Q: Assets are often classified into current assets, long-term investments, plant assets, and intangible…

A: The balance sheet represents the financial position of the business with assets and liabilities on a…

Q: Which of the following does describe intangible assets? a. They are not lack physical existence.…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Which of the following assets appears on the balance sheet at fair value? Equipment, Land,…

A: Fair value refers to the actual amount paid in an open market to purchase the assets. Fair value…

Q: What are the two types of claims against assets?

A: Asset is a resource from which the company expected to generate future economic cash flows which can…

Q: Any of the following should be met for borrowing cost to be capitalized, borrowing cost are being…

A: Borrowing cost is the cost incurred by an entity due to the funds borrowed by it like, interest…

Q: Explain the difference between tangible and intangible long-lived, revenue-producing assets.

A: Tangible assets are those assets which appear in the physical form and it is measurable. Assets like…

Q: determining the value of the assets?

A: Criteria could be considered:-  1.Which information asset would be the most expensive to project?…

Q: Which statement below regarding the accounting for intangible assets is correct?

A: Intangible asset: Intangible asset is an asset that has no physical existence. In simple words we…

Q: How do you identify intangible assets such as usufruct in modern transactions? Justify with examples

A: In a usufruct, the property rights of usus and fructus are merged. Usus refers to the right to use…

Q: what is the group or composite life of the assets?

A: 1. Composite rate = ( Total Depreciation per year / Total Cost ) x 100 2. Composite life = Total…

Q: An intangible asset: a. cannot be classified on the statement of financial position because it lacks…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: What are some examples of tangible and intangible assets?

A: Introduction:- Assets are mainly categories into two types based on the existence. these are as…

Q: Explain about the existence of an active market in relation to the intangible assets and the…

A: Here discuss about the details of intangible assets and its valuation and accounting treatment which…

Q: ntangible assets can only be measured using the revaluation model if the acquiring entity:

A: The Answer:

Q: Explain the difference between Tangible and Intangible Assets

A: Introduction: Assets: Any resource which is having monetary value called as Assets. Assets are to be…

Q: Two intangible assets that might be reported in the Statement of Financial Position are: O a.…

A: intangible assets - intangible assets are the type of fixed assets that cannot be touch, feel and…

Q: Which of the following is not a fundamental issue in accounting for property, plant and equipment?…

A: International Accounting Standards IAS are the accounting standards  issued by International…

Q: 4. What total amount should be reported as intangible assets?

A: Opetion d. 13,100,000 is correct   That Type of assets which can't be touch. That is called an…

Q: Which of the following term relates to Copyrights, Patents and Trademarks? O a. Investments O b.…

A: Intangible assets are those assets which do not have any physical existence and it's very difficult…

Q: The assets which does not have physical existence are called: Intangible assets None of these…

A: Tangible Assets: These assets are Physical, Measurable Resources; like Property, Plant &…

Q: Valuing assets at the amount of cash or equivalents paid or the fair value of the consideration…

A: solution If the cash paid at the time of acquisition is used to measure an asset, then it is called…

Q: Define current assets. What basis is used for arranging individual items within the current assets…

A: The question is based on the concept of Accounting theory

Q: What does intangible assets includes in its items? Explain them in detail.

A:

Q: How do you identify intangible assets such as usufruct in modern transactions

A: Goodwill, brand awareness, and proprietary information like as patents, trademarks, and copyrights…

Q: Please explain Tangible and Intangible Assets. What are types of both? Also Intangible Assets are…

A: Step1: Definition of tangible asset and intangible assets. We have,Tangible assets are those assets…

Q: hat are the reason for seeking an acquisition of intangible assets?

A: Intangible assets: Intangible assets are non-physical assets, can't be seen but can be identified…

Q: Assets Classified as Intagible Assets Required: What is the total amount to be recognized as…

A: Intangible Assets Non current assets has two sub part one is tangible assets and another is…

Q: True or False?

A: Meaning of Right of use asset The right of use asset is recorded by the lessee in the balance…

Q: Can an entity include an asset in its balance sheet that it does not legally own? Explain your…

A: All the transactions of the company that are incurred in the financial year will be first recorded…

Q: Materiality means that only items having a physical existence may be recognised as assets

A: Various Accounting concepts are: Accrual concept Going concern concept Matching concept Materiality…

Q: Describe the characteristics, valuation, and amortization of intangible assets.

A: Intangible Assets: These are the long-term assets having no physical existence. However, the…

Q: What is intangible assets, and what is goodwill? definition?

A: Assets are the resources that are owned by the entity for using them in future and to generate…