Free Exam: Accounting 12 Chapter 10 ALL
Number of Questions in Test: 110
Number of Questions in Preview: 5
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Intangible assets include
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
Intangible assets do not include
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
A company purchased land for $70,000 cash. $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land would be recorded at
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
Which one of the following items is not considered a part of the cost of a truck purchased for business use?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
Which of the following assets does not decline in service potential over the course of its useful life?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |