Which of the following long-lived assets presents the most difficulty in determining its cost?
A)Equipment.
B)Inventory.
C)Patent.
D)All the above are equally difficult in determining cost.

Question

Quizplus · Accepted Answer

Unlike equipment and inventory, the cost of a patent includes research and development expenses, legal fees, registration fees, and other associated costs that are not easily identifiable. Therefore, determining the cost of a patent can be more challenging.

Which of the Following Long-Lived Assets Presents the Most Difficulty