Ünite Sınavı Soruları

1. Rights consist of patents, licenses, trademarks, franchises and copyrights
2. Intangible assets have a definite life.
3. The initial cost of a purchased intangible asset includes only the purchase price.

Which of the item/s mentioned above is true for intangible assets?

Which of the following is not amortized?

Which of the following account is used when the expenditure made for the rented estate to bring it to its intended use and also it increases the value of the estate?

1. Intangible assets are usually reported in the balance sheet in a separate section following Property, Plant and Equipment assets.
2. The balance of each class of intangible assets should be disclosed on the balance sheet at their book value.
3. Accumulated Depreciation used for plant assets.

Which of the statements above is true for the reporting for intangible assets and natural resources?

1. They have a value for a specific company
2. Some of them have unlimited life
3. Their values fluctuate highly because their benefits are based on competition.

Which of the features mentioned above is a distinctive qualification of intangible assets?

Which of the following is only used for rented assets?

Which of the following is defined as the allocation of the natural resources’ cost to expense in a rational and systematic manner over the resource’s useful life?

Which of  the following is defined as government grants given to the holder for invention in all fields of technology providing that the invention is new, involves an inventive step and is applicable to industry?

Anadolu Co. paid 300,000 TL to acquire a patent on January 1, 2019. The useful life of the patent is 5 years. What will be the amortization expense in 2019? 

Which of the following is an intangible asset?

Which of the following is defined as a unique kind of non-current assets that provide certain legal rights, privileges, and competitive advantages to the business?

Which of the following is not included in intangible assets?

In the first year of the coal mine, XX Co. dug out 1,200,000 tons of coal.

Cost of mine : 1,000,000 TL

Estimated total units of resource : 25,000,000 tons

Residual value : 0 TL

Which of the following is the depletion expense of the first year?

Anadolu Co. paid 2,000,000 TL for a 10-year franchise that will expire on December 31, 2029. Make the journal entries for the purchasing of the franchise and the adjusting entry for the first year.

Which of the following is a long term asset that is classified under natural resources?

1. They have a value for a specific company
2. Some of them have unlimited life
3. Their values fluctuate highly because their benefits are based on competition.

Which of the qualification/s mentioned above is different from other assets?

Which of the following intangible asset has an unlimited life?

1. Purchase price
2. Designing cost
3. Constructing cost

Which of the costs above is included in the initial cost of an intangible asset?

....................is to natural resources as ............ is to plant assets and ............ to intangible assets.

Which of the following should be brought to the places left blank above?

Anadolu Co. made an expense for 20,375 TL for the regular maintenance of the office store used in marketing department. How will Anadolu Co. record this expense in the journal?