True or false

Noncurrent Assets $=$ PP&E $+$ Intangible Assets $+$ Other Noncurrent Assets.

Long$-$term debt is a Noncurrent Liability.

The process of expensing Intangible Assets over its useful life is called 'depreciation'.

Intangible Assets is a Noncurrent Liability.

Assets $=$ Liabilities $+$ Equity.

Accounts Receivable is the accrual account for an invoice not yet paid by customer.

Equity is the of value that the market places on a company's stock.

Property, Plant & Equipment $($PP&E$)$ is a Noncurrent Asset.

Assets are defined as something valuable that an entity owns, benefits from, or has use of$,$ in generating income.

Assets are defined as a company's legal financial borrowings or obligations that arise during the course of business operations.

Accounts Receivable is a Current Liability.

Net Trade Working Capital $=$ Current Assets $+$ Current Liabilities.

Intangible Assets are typically created when an entity pays more for an asset than the historical value on the prior owner's books $(\text{'}$book value'$).$

True or false