Cost recoverable intangible properties include
I.Uranium ore.
II.Patents.
III.Agreements not to compete.
IV.Copyrights.

A)Statements I and IV are correct.
B)Only statement IV is correct.
C)Statements II and III are correct.
D)Statements II, III, and IV are correct.
E)Statements I, II, III, and IV are correct.

Question

Cost recoverable intangible properties include
I.Uranium ore.
II.Patents.
III.Agreements not to compete.
IV.Copyrights.
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A)Statements I and IV are correct.
B)Only statement IV is correct.
C)Statements II and III are correct.
D)Statements II, III, and IV are correct.
E)Statements I, II, III, and IV are correct.

Quizplus · Accepted Answer

Cost recoverable intangible properties are intangible assets that can be recovered through cost savings or additional revenues over a period of time. Patents, agreements not to compete, and copyrights are all examples of cost recoverable intangible properties. Uranium ore, on the other hand, is a physical asset and not an intangible property. Therefore, statements II, III, and IV are correct while statement I is incorrect.

Cost Recoverable Intangible Properties Include