Identify each of the following long-term operational assets as either tangible (T) or intangible (I). 1. Retail store building 2. Shelving for inventory 3. Trademark 4. Gas well 5. Drilling rig 6. FCC license for TV station 7. 18-wheel truck 8. Timber 9. Log loader 10. Dental chair 11. Goodwill 12. Computer software

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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Identify each of the following long-term operational assets as either tangible (T) or intangible (I).

1. Retail store building

2. Shelving for inventory

3. Trademark

4. Gas well

5. Drilling rig

6. FCC license for TV station

7. 18-wheel truck

8. Timber

9. Log loader

10. Dental chair

11. Goodwill

12. Computer software

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