Financial ABV Exam
Accredited in Business Valuation (ABV) (Page 6 )

Updated On: 12-Jan-2026

Which of the following is NOT a common category of intangible assets?

  1. Technology-related
  2. Human-capital-related
  3. Location-related
  4. Data warehousing-related

Answer(s): D



____________is a specialized classification of intangible and its categories are creative (e.g. copyrights) and innovative (e.g. patents).

  1. Intellectual properties
  2. Intellectual capital
  3. Both A & B
  4. Intellectual rights

Answer(s): A



The process of charging the cost of a natural resource to expense over the time during which it is extracted is called:

  1. Percentage Depletion
  2. Depletion
  3. Diminution
  4. Exhaustion

Answer(s): B



Which of the following is NOT the method of computing depreciation charges all acceptable to the IRS for income tax purposes?

  1. straight-line
  2. declining-balance
  3. accelerated cost recovery systems
  4. sum of-the Months'-digits

Answer(s): D



The analyst should keep in mind that (1) if earnings are adjusted from LIFO to FIFO and (2) if after-tax income or after-tax cash flow is used as the appropriate measure of economic income, then the adjustment should be:

  1. Gross of the income tax effect
  2. Ratio of the income tax effect
  3. net of the income tax effect
  4. Cost of the income tax effect

Answer(s): C



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