Solved

Select the Best of the Following as a Fixed Asset

Question 38

Matching

Select the best of the following as a fixed asset (FA), or intangible asset (IA), natural resource (NR), or none of these (N).

Premises:
oil reserve
goodwill
gold mine
U.S. Treasury note
computer
patent
land used for employee parking
Responses:
fixed asset (FA)
none of these (N)
intangible asset (IA)
natural resource (NR)

Correct Answer:

oil reserve
goodwill
gold mine
U.S. Treasury note
computer
patent
land used for employee parking
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