Asked by Carol Hersan on Jun 23, 2024
Verified
Which of the following accounts would not be considered a tangible asset?
A) Buildings
B) Land
C) Equipment
D) Copyright
Tangible Asset
A physical asset that can be touched and has intrinsic value, such as machinery, buildings, and land.
Copyright
A form of intellectual property law that grants the creator of an original work exclusive rights to its use and distribution, typically for a limited time.
- Distinguish between physical and non-physical assets and comprehend the standards for their acknowledgment and valuation.
Verified Answer
CS
Chandra SekharJun 30, 2024
Final Answer :
D
Explanation :
Copyright is an intangible asset as it is a legal right to reproduce, distribute or sell an original work of authorship. Buildings, land, and equipment are all physical assets that can be touched or seen.
Learning Objectives
- Distinguish between physical and non-physical assets and comprehend the standards for their acknowledgment and valuation.