Which of the following is an example of intangible asset ?

Related Mcqs:

1. What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country ?

   A. Company value
   B. Going value
   C. Goodwill value
   D. Franchise value

2. Lands, buildings, plants and machineries are example of what type of asset ?

   A. Current asset
   B. Trade investment asset
   C. Fixed asset
   D. Intangible asset

3. What is the increase in the money value of a capital asset is called?

   A. Profit
   B. Capital gain
   C. Capital expenditure
   D. Capital stock

4. What is the reduction in the money value of capital asset is called ?

   A. Capital expenditure
   B. Capital loss
   C. Loss
   D. Deficit

5. As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ___________________?

   A. Annuity
   B. Amortization
   C. Capital recovery
   D. Annuity factor

6. An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?

   A. P 3,279.27
   B. P 3,927.27
   C. P 3,729.27
   D. P 3,792.72

7. What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render ?

   A. Functional depreciation
   B. Design depreciation
   C. Physical depreciation
   D. Demand depreciation

8. What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results ?

   A. Functional depreciation
   B. Design depreciation
   C. Physical depreciation
   D. Demand depreciation

9. What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties ?

   A. Book value
   B. Market value
   C. Fair value
   D. Franchise value

10. What refers to the present worth of cost associated with an asset for an infinite period of time ?

    A. Annual cost
    B. Increment cost
    C. Capitalized cost
    D. Operating cost