Asked by
Jordan Davis
on Nov 18, 2024Verified
An intangible asset is one that has a physical existence.
Intangible Asset
An asset that lacks physical substance, such as patents, trademarks, and goodwill, and provides economic benefits to its owner.
Physical Existence
The actual, tangible presence of items or assets, often verified during inventory or asset audits.
- Distinguish between tangible and intangible assets.
Verified Answer
C&
Learning Objectives
- Distinguish between tangible and intangible assets.