Question

Which of the following would not be considered an intangible asset?

Select one:

A. Trademarks and internet domain names

B. Plant, Property, and Equipment

C. Patents, computer software, databases and trade secrets

D. Customer lists, production backlog, and customer contracts

E. None of the above

Answer 1

B. Plant, Property and Equipment.

Any asset that is not physical in nature is referred to as an intangible assets. Corporate intellectual property, including items such as patents, trademarks, copyrights and trade secrets, are intangible assets.

Tangible assets on the other hand include both real as well as financial assets. Real assets could be land, building, plant and machinery, etc. Financial assets include stocks, bonds, etc.

Clearly, of the above given option, plant, property and equipment are Real tangible assets, and hence our answer