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

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:
B) Intangible Assets
A) Tangible Assets
C) Forced Assets
D) None of above

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:

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Suggested Answer: B

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

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Valda
10 hours ago
A) Tangible Assets seems wrong here.
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Carin
6 days ago
I agree, they last long but aren't physical.
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Huey
11 days ago
I think it's B) Intangible Assets.
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Marti
16 days ago
Totally agree with B, makes sense!
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Coral
21 days ago
Wait, are there really assets called "Forced Assets"? Sounds odd.
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Chau
26 days ago
No way, it's not C) Forced Assets!
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Stevie
2 months ago
I thought it was A) Tangible Assets.
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Yasuko
3 months ago
Definitely B) Intangible Assets!
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Brice
3 months 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.
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Sherly
3 months 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.
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Arlyne
3 months 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.
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Merri
4 months 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.
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