menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Reporting
  4. Exam
    Exam 1: Accounting Standards and Principles: Part A
  5. Question
    The Useful Life of an Intangible Asset May Be
Solved

The Useful Life of an Intangible Asset May Be

Question 4

Question 4

Multiple Choice

The useful life of an intangible asset may be,


A) Finite
B) Infinite
C) Either (a) or (b)
D) None of these

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Accounting profession of India is governed by………………….<br>A)ICAI<br>B)Ministry

Q2: What do you mean by ASB?<br>A)Accounting Security

Q3: Indian Accounting Standard 3 (AS3) deals with….<br>A)Amalgamation<br>B)Lease<br>C)Cash

Q5: Inventories must be measured at<br>A)Cost<br>B)Lower of cost

Q6: Which of the following asset is not

Q7: Property, Plant and Equipment are defined as,<br>A)Tangible

Q8: Cost of inventory is a sum of<br>A)Cost

Q9: Consumable stores are<br>A)Inventories<br>B)Property, Plant and Equipment<br>C)Investment Property<br>D)Intangible

Q10: FASB is based in…………….<br>A)London<br>B)Chennai<br>C)New York<br>D)Norwalk

Q11: Cost of inventory does not include<br>A)Salary of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines