FINANCIAL & MANAG ACCT (CH. 1 - 24 LOOSE
FINANCIAL & MANAG ACCT (CH. 1 - 24 LOOSE
9th Edition
ISBN: 9781266904868
Author: Wild
Publisher: MCG
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Chapter 8, Problem 14QS
To determine

Natural Resources:

Natural resources are those resources that are naturally available and are not manmade. They are the assets that are physically devoured when used. Examples are minerals, oil, and timber and gas fields.

Intangible Assets:

Intangible assets are those assets that cannot be seen and touched but are there such as goodwill, patents, trademarks and copyright. They give a particular company long term benefits and privileges.

To identify: The classification of given assets as natural resources or intangible assets other.

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FINANCIAL & MANAG ACCT (CH. 1 - 24 LOOSE

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