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ACFE CFE Exam - Topic 3 Question 47 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:
A) Tangible Assets
B) Intangible Assets
C) Forced Assets
D) None of above

ACFE CFE Exam - Topic 3 Question 47 Discussion

Actual exam question for ACFE's CFE exam
Question #: 47
Topic #: 3
[All CFE 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: A

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

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Loreta
9 months ago
None of the above doesn't make sense, it's gotta be B!
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Socorro
10 months ago
Wait, are we sure about this? Sounds off.
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Kayleigh
10 months ago
Agreed, intangible assets fit the bill here.
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Phyliss
10 months ago
I thought forced assets were a thing?
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Mari
10 months ago
Definitely B, intangible assets are long-lived too.
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Roslyn
10 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.
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Avery
11 months 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.
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James
11 months 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.
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Gerri
11 months ago
I think the answer might be B, Intangible Assets, since they are long-lived but not physical like property or equipment.
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Demetra
11 months 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.
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Denny
11 months 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.
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Kenneth
11 months 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.
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Felice
11 months 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.
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Flo
11 months 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.
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Yuki
11 months 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.
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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*
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Lawanda
1 year ago
D) None of above
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Phillip
1 year ago
C) Forced Assets
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Dierdre
1 year ago
B) Intangible Assets
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Jeannetta
1 year ago
A) Tangible Assets
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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.
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Josue
1 year ago
Ah, good old intangible assets. Always a classic on these exams. I'm going with B, just because it sounds the most technical.
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Regenia
1 year ago
Yeah, I'll go with B as well. It seems like the best choice.
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Lonna
1 year ago
I'm going with B too, it does sound technical.
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Shantell
1 year ago
I think tangible assets are more straightforward.
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Johnetta
1 year ago
I agree, intangible assets can be tricky to understand.
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Emiko
1 year ago
Hmm, this one's tricky. I think B) Intangible Assets is the correct answer, but I'm not 100% sure.
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Ines
1 year ago
I'm not sure about that, I think A) Tangible Assets might be the right choice.
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Janna
1 year ago
I agree, I think B) Intangible Assets is the correct answer.
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Nu
1 year ago
I'm not sure about that, I think A) Tangible Assets might be the correct answer.
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Felicidad
1 year ago
I agree, I think B) Intangible Assets is the correct answer.
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Ashlyn
1 year ago
But tangible assets are physical assets like buildings and machinery, while intangible assets are things like patents and trademarks.
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Caitlin
1 year ago
I disagree, I believe the answer is B) Intangible Assets.
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Ashlyn
1 year ago
I think the answer is A) Tangible Assets.
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