Identify the following as a Fixed Asset FA or Intangible Ass

Identify the following as a Fixed Asset (FA), or Intangible Asset (IA), or Natural Resource (NR), or Neither (N) (a) computer (b) patent (c) oil reserve (d) goodwill (e) U. S. Treasury note (f) land used for employee parking g) gold mine

Solution

Answer:. (a) computer. ------------- FA

(b) Patent. ------------------- IA

(c) oil reserve -------------- NR

(d) goodwill ----------------- IA

(e) U.S. Treasury note ------- N

(f) land used for employee parking ---FA

(g) gold mine ------NR