Please Answer McQs correctly

MESSAGE MY INSTRUCTOR | | FULL SCREE Practice Question 16 Which of the following is not a characteristic of intangible assets? O They lack physical existence. O They are not financial instruments. O They are long-term in nature. O They are all subject to amortization. Question Attempts: 0 of 1 used Testbank Question 6 Which of the following legal fees should be capitalized? Legal fees to obtain a franchise Legal fees to successfully defend a trademark O No No Yes Yes No Yes Yes No O Question Atte MESSAGE MY INSTRUCTOR PULL SCREEN PRINTER VERSION BACK NEXT Testbank Question 13 Sandoval Inc. incurred the following costs during the year ended December 31, 2017 Laboratory research aimed at discovery of new knowledge Design of new products involving new technology Testing of new products Construction of research and development facilities $240,000 87,000 58,000 360,000 Assuming the 6 specific conditions have been demonstrated, the total amount to be classified as development costs (either deferred or capitalized) in 2017 is $145,000. O $240,000 O $327,000. 600,000. SUBMIT ANSWER SAVE FOR LATER Question Attempts: 0 of 1 used MESSAGE MY INSTRUCTOR FULL S Practice Question 18 Which of the following costs would not be included in the cost of a patent? O Filing fees. O Research and development costs related to product development. Legal fees to file for patent protection. O The purchase price. Question Attempts: 0 of 1 use MESSAGE MY INSTRUCTOR FULL S Testbank Question 27 Which of the following is an example of a limited-life intangible asset? O patent O trade name O goodwill O trademark Question Attempts: 0 of 1 use