Asked by Anthony Amaya on May 29, 2024
Verified
Which if the following would NOT be an example of an intangible asset?
A) A copyright
B) A patent
C) A franchise
D) Land
Intangible Asset
An asset that lacks physical substance, such as patents, trademarks, and copyrights, holding value for a business.
Land
A non-depreciable asset representing the earth's surface that a business owns for operation purposes.
- Determine and elaborate on the diverse categories of intangible assets and their distinct features.
Verified Answer
CF
charis fowlerMay 31, 2024
Final Answer :
D
Explanation :
Land is a tangible asset because it is a physical piece of property that can be seen and touched, unlike copyrights, patents, and franchises which are intangible assets representing legal rights or agreements.
Learning Objectives
- Determine and elaborate on the diverse categories of intangible assets and their distinct features.