Which of the following characteristics is not common to both tangible and intangible assets? a. held for use and not for investment b. expected life of more than one year c. derive value from the ability to generate revenue d. may have value only to a particular company

Which of the following characteristics is not common to both tangible and intangible assets? a. held for use and not for investment b. expected life of more than one year c. derive value from the ability to generate revenue d. may have value only to a particular company

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 13MC: Which of the following represents an event that is less routine when accounting for long-term...

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Question

Which of the following characteristics is not common to both tangible and intangible assets?

a. held for use and not for investment
b. expected life of more than one year
c. derive value from the ability to generate revenue
d. may have value only to a particular company

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