ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 1 Question 124 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 124
Topic #: 1

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

ATangible Assets

BIntangible Assets

CForced Assets

DNone of above

Show Suggested Answer

Suggested Answer: B

by Moon at Apr 11, 2026, 06:22 AM

Limited Time Offer

25%

Off

Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Brice

3 days ago

I definitely remember that intangible assets are not physical, but I’m not sure if they fit the description given in the question. I might need to double-check my notes.

upvoted 0 times

...

Sherly

8 days ago

I’m uncertain about this one. I feel like I might have seen "tangible" used in a similar context, but I can't recall the exact details.

upvoted 0 times

...

Arlyne

13 days ago

I remember a practice question that asked about different types of assets, and I think intangible assets were specifically mentioned as long-lived. So, I’m leaning towards B.

upvoted 0 times

...

Merri

18 days ago

I think the answer might be B) Intangible Assets, but I'm not completely sure. We covered this in class, but I get confused with the definitions.

upvoted 0 times

...