Asked by
MARK DANIEL FABREGAS
on Dec 07, 2024
Verified
The three key characteristics of intangible assets are: I Expected future econorric benefit II Lack of physical substarice III Identifiable IV Physical substarce V Non-monetary in nature \begin{array} { | l | l | } \hline \text { I } & \text { Expected future econorric benefit } \\\hline \text { II } & \text { Lack of physical substarice } \\\hline \text { III } & \text { Identifiable } \\\hline \text { IV } & \text { Physical substarce } \\\hline \text { V } & \text { Non-monetary in nature } \\\hline\end{array} I II III IV V Expected future econorric benefit Lack of physical substarice Identifiable Physical substarce Non-monetary in nature
A) I, II and III
B) I, III, and IV
C) III, IV, and V
D) II, III, and V
Intangible Assets
Assets that cannot be physically touched or seen but have value, such as patents, trademarks, and copyrights.
Economic Benefit
The gain received by an individual or a business from an economic transaction, including tangible and intangible gains.
Identifiable
Able to be recognized or distinguished as separate and distinct from others, often used in contexts like assets recognition in accounting.
- Identify the key characteristics of intangible assets.
Verified Answer
MK
Learning Objectives
- Identify the key characteristics of intangible assets.