Cash equivalents are securities that management intends to convert into cash within the normal operating cycle. are denominated in a recognized national currency have maturity dates of three months or less. management intends to convert into cash within one year. Long-term investments include all of the following except cash surrender value of life insurance policies, bonds payable a building held for rental activity O sinking funds. Which of the following would typically be recorded as an intangible asset with a finite useful life? Franchises Trademarks Goodwill Brand name Which of the following is not an intangible asset? KD Deferred tax asset O Computer software 0 Brand name Franchise The systematic allocation of the costs of natural assets to expense is called impairment depreciation. amortization. depletion