16 Not yet answered Marked out of 2.0 Flag question If DFC sells one of its fixed assets: O a. the asset should be credited with the book value amount at the time of sale. b. the asset should be credited with the selling price amount at the time of sale. c. the asset should be credited with the cost price at the time of sale. Od. a loss is to be recorded if the asset is sold for the same price as its book value Previous page hp Question 17 Not yet answered Marked out of 2.0 Flag question Time The Nike symbol seen on Nike's products (merchandise) allows it to sell its products, similar to how the Big H compa machinery to produce its orange juice to sell. Which of the following is TRUE concerning the Nike symbol (trademark H's machinery? a. Both the trademark and the machinery are acquired by each of the businesses for resale. Ob. Both the trademark for Nike and the machinery for Big H are intangible assets. The trademark is a fixed asset of Nike just as how the machinery is a fixed asset for Big H. Od. Both the trademark for Nike Company and the machinery for Big H company are long-lived. Previous page hp Finish att