Indicate Whether Each of the Following Statements Is True or False. _____

Question 104
True False

Indicate whether each of the following statements is true or false. _____ a)Long-term assets having no physical substance are called intangible assets. _____ b)Trademarks are examples of an intangible asset. _____ c)Natural resources are examples of tangible long-term assets. _____ d)The reason that land is classified separately from other tangible assets is because the cost is normally much higher. _____ e)Goodwill is classified as Plant,Property and Equipment.