2 pts Question 4 Which of the following statements is true? Goodwill, trademarks and patents...
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2 pts Question 4 Which of the following statements is true? Goodwill, trademarks and patents are examples of intangible assets. O All of these statements are true. O Tangible long-term operational assets with definite useful lives are depreciated over their estimated useful lives. O Intangible long-term operational assets with definite useful lives are amortized over their estimated useful lives. Question 5 2 pts Which of the following tangible assets has an indefinite useful life and is therefore NOT depreciated? Building Manufacturing equipment. Land. O Transportation equipment. ain County 2 pts Question 6 Klein, Inc. purchased a piece of manufacturing equipment for $30,000 on January 1, 2020. Using the straight-line method of depreciation, klein began to depreciate the asset over an estimated useful life of 5 years and with an estimated salvage value of $5,000. At the end of the second year, Klein determined that the equipment actually had four more years remaining (for a total useful life of six years) but that its estimated salvage value would remain at $5,000. Based on this new information, depreciation expense during the third year would be O $ 0. $ 4,500 O $ 5.000. O $ 3,750
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