unit 3 topic 13 Flashcards
1
Q
capital items
A
long loved businesses assets of a firm - buildings, machinery, equipment and vehicles
2
Q
capital expenditure
A
used to buy capital items which are assets that will stay in the business for a long period of time
3
Q
non current assets
A
tangible items that will appear on the SoFP - land, premises, equipment and vehicles
4
Q
intangibles
A
non physical items - ideas
5
Q
goodwill
A
value company gets from its brand - customer base and reputation associated with its intellectual property
6
Q
patents
A
exclusive right granted for intervention - product or process - provided new way of doing something or offer new technical solution to a problem
7
Q
trademark
A
recognisable symbol, phrase or word - denotes specific product
8
Q
A
