An intangible asset is a: a. valuable fixed asset that has no physical existence

Question

An intangible asset is a: a. valuable fixed asset that has no physical existence. b. physical fixed asset that loses value over time, such as equipment. c. fully-depreciated fixed asset which has no remaining market value. d. current asset with a negligible book value but considerable market value. e. current asset with minimial market value and no physical existence. An intangible asset is a: a. valuable fixed asset that has no physical existence. b. physical fixed asset that loses value over time, such as equipment. c. fully-depreciated fixed asset which has no remaining market value. d. current asset with a negligible book value but considerable market value. e. current asset with minimial market value and no physical existence. An intangible asset is a: a. valuable fixed asset that has no physical existence. b. physical fixed asset that loses value over time, such as equipment. c. fully-depreciated fixed asset which has no remaining market value. d. current asset with a negligible book value but considerable market value. e. current asset with minimial market value and no physical existence.

Explanation / Answer

a.valuable fixed asset that has no physical existence.

Intangilbe asset examples are copyrights , trademarks, goodwill, patents etc.

these assets do not have a physical existence, i.e cannot be seen and touched like tangible assets such as furniture, machienry etc.,but are of important to carry out the business.

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