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Accounting English

Assets: Online Test:

Fill in the missing words in the sentences below. Choose from the following:
in, assets, tangible, depreciation, patents, from

1. Total assets as of December 31, 2003, increased by €184 million, or 32.7%, December 31, 2002.

2. The most common types of intangible assets are , copyrights, franchises or licenses, trademarks or trade names, and goodwill.

3. At December 31, 2003 and 2002, the Company had patents, trademarks and other identifiable intangible with a value of $124.0 million and $128.6 million, respectively.

4. The increase in current assets is largely due to increases notes receivable and prepaid expenses.

5. The net assets of this company were appraised at €950,000 on December 31, 2002.

6. Property, plant, and equipment includes buildings $2,525,000 less accumulated depreciation of $461,000; equipment $642,000 less accumulated of $208,000; and land $856,000.

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