Question

Which of the following is an intangible​ asset? A.Land B.Copyright C.Leasehold improvements D.Equipment

Which of the following is an intangible​ asset?

A.Land

B.Copyright

C.Leasehold improvements

D.Equipment

Business   Accounting   
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Homework Answers

Answer #1

Meaning of Intangible asset:

The asset which can not be identified by touching it , it is not visible, such assets are intangible assets. They are not ficticious. Such investments will give economic benefit in future therefore it is Asset for the Organisation.

Land: It have the physical existence. Land can be identified by its existence. Therefore it is not intangible asset.

Copyright: It can not be identified physically. It will give the future economic benefit. Therefore it is intangible assets.

Leasehold Improvements: They can be identified physically. Not an intangible asset.

Equipment: Equipments are identifiable physically. They are Tangible.

Answer: COPYRIGHT

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