Which of the following represents assets on a balance sheet with a limited useful life that are subject to subtraction of accumulated depreciation from the original value?
A) Stock
B) Revenue
C) Equipment
D) Owners' equity 125 Which of the following is an intangible asset?

Question

Quizplus · Accepted Answer

Equipment represents assets on a balance sheet with a limited useful life that are subject to subtraction of accumulated depreciation from the original value.

Answer: B
 Revenue is not an asset, it is a source of income.

Answer: C and D
 Examples of intangible assets include patents, trademarks, copyrights, and goodwill. It is not mentioned in the options, but option D (Owners' equity) is actually a part of the liabilities and equity section of the balance sheet and not an asset.

Which of the Following Represents Assets on a Balance Sheet