Which of the following is an intangible asset


Asked by admin @ in Accountancy viewed by 463 People


Which of the following is an intangible asset. a.Land and Building, b. Debtors, C. plant ​

Answered by admin @



Intangible Assets

Explanation:

An intangible asset is an asset that is not physical in nature. We cannot see or touch it. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.  Businesses can create or acquire intangible assets.


Additionally, financial assets such as stocks and bonds, which derive their value from contractual claims, are considered tangible assets.


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