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Intangible Accounting

May 16, 2011 | Accounting

Which of the following is not an intangible asset?

Quiz Results
Answer Key #1 Goodwill
#2 A Patent
#3 A Brand
#4 Options

Correct Answer: # 4

Intangible assets are identifiable non-monetary assets that cannot be seen, touched or physically measured. They are created through time and/or effort and are identifiable as a separate asset.

An option is a monetary asset and does not meet the definition of an intangible asset.

Quiz Answer History

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