Question: 1) Tangible assets are first recorded at: A. current market value or resale value. B. cost minus residual (or salvage) value. C. the amount of

1)

Tangible assets are first recorded at:

A.

current market value or resale value.
B.

cost minus residual (or salvage) value.
C.

the amount of cash paid for them.
D.

all costs to acquire them and prepare them for use.

2)

The right to exclude others from making or using an invention is a:

A.

patent.
B.

licensing right.
C.

franchise.
D.

copyright.

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