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ACFE CFE Exam - Topic 3 Question 47 Discussion

Posted by Jennie on Feb 10, 2024 at 05:20 PM

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:

Suggested Answer: A

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34 comments · newest first
LO
Loreta 11 months ago
None of the above doesn't make sense, it's gotta be B!
SO
Socorro 11 months ago
Wait, are we sure about this? Sounds off.
KA
Kayleigh 11 months ago
Agreed, intangible assets fit the bill here.
PH
Phyliss 12 months ago
I thought forced assets were a thing?
MA
Mari 12 months ago
Definitely B, intangible assets are long-lived too.
RO
Roslyn 12 months ago
I thought forced assets were a thing, but now I’m questioning that. I guess it’s either A or B, but I’m really leaning towards B for this one.
AV
Avery 1 year ago
I feel like I've seen a question like this before, and I think it was about distinguishing between tangible and intangible assets. I lean towards B too, but I’m not 100% confident.
JA
James 1 year ago
I'm not entirely sure, but I remember something about tangible vs intangible assets from practice questions. This seems to fit with the intangible category.
GE
Gerri 1 year ago
I think the answer might be B, Intangible Assets, since they are long-lived but not physical like property or equipment.
DE
Demetra 1 year ago
Hmm, I'm a little unsure about the wording here. Is there a trick to this question? I'll read it carefully and think through the options before selecting my answer.
DE
Denny 1 year ago
Intangible assets, got it. Things like patents, copyrights, and goodwill that aren't physical property. I'm confident I can identify those correctly on the exam.
KE
Kenneth 1 year ago
This question seems straightforward, but I want to make sure I understand the key distinction between tangible and intangible assets. I'll review my notes on that before answering.
FE
Felice 1 year ago
The key is understanding that the question is asking about long-lived assets that are different from typical property, plant, and equipment. Intangible assets fit that description, so I'll go with option B.
FL
Flo 1 year ago
This seems like a pretty straightforward Scrum question. I'm pretty confident I know the answer, but I'll double-check my notes just to be sure.
YU
Yuki 1 year ago
Okay, I think I've got it. The prompt is clear that we need to use standard EDA features, so option A is the way to go. Creating the Affiliation mapping to the Primary Chapter field is the simplest and most straightforward solution.
JU
Jutta 1 year ago
Intangible assets, huh? I wonder if that includes my collection of rare emojis. Wait, is that considered intellectual property? *scratches head*
LA
Lawanda 1 year ago
↳ replying to Jutta
D) None of above
PH
Phillip 1 year ago
↳ replying to Jutta
C) Forced Assets
DI
Dierdre 1 year ago
↳ replying to Jutta
B) Intangible Assets
JE
Jeannetta 1 year ago
↳ replying to Jutta
A) Tangible Assets
CH
Charlene 1 year ago
D) None of the above? Really? That's like the exam equivalent of a cop-out answer. I'm sticking with B, it's gotta be the right one.
JO
Josue 2 years ago
Ah, good old intangible assets. Always a classic on these exams. I'm going with B, just because it sounds the most technical.
RE
Regenia 1 year ago
↳ replying to Josue
Yeah, I'll go with B as well. It seems like the best choice.
LO
Lonna 1 year ago
↳ replying to Josue
I'm going with B too, it does sound technical.
SH
Shantell 1 year ago
↳ replying to Josue
I think tangible assets are more straightforward.
JO
Johnetta 1 year ago
↳ replying to Josue
I agree, intangible assets can be tricky to understand.
EM
Emiko 2 years ago
Hmm, this one's tricky. I think B) Intangible Assets is the correct answer, but I'm not 100% sure.
IN
Ines 1 year ago
↳ replying to Emiko
I'm not sure about that, I think A) Tangible Assets might be the right choice.
JA
Janna 1 year ago
↳ replying to Emiko
I agree, I think B) Intangible Assets is the correct answer.
NU
Nu 1 year ago
↳ replying to Emiko
I'm not sure about that, I think A) Tangible Assets might be the correct answer.
FE
Felicidad 1 year ago
↳ replying to Emiko
I agree, I think B) Intangible Assets is the correct answer.
AS
Ashlyn 2 years ago
But tangible assets are physical assets like buildings and machinery, while intangible assets are things like patents and trademarks.
CA
Caitlin 2 years ago
I disagree, I believe the answer is B) Intangible Assets.
AS
Ashlyn 2 years ago
I think the answer is A) Tangible Assets.
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