Which of the following is NOT an example of intangible assets (2024)

FAQs

Which of the following is not an example of intangible assets? ›

Answer: Land is NOT an example of intangible assets. An intangible asset is an asset that is not physical in nature.

The correct answer is option b) equipment.

Equipment is a tangible asset, as it is a physical item that has value and can be touched. In contrast, intangible assets are non-physical resources that have economic value, such as goodwill, copyrights, patents, and trademarks.

Patent rights, goodwill, brand acknowledgment, and protected innovation, like licenses, brand names, and copyrights, are largely a part of intangible resources. Tangible resources incorporate land, vehicles, hardware, and stock.

Intangible assets are commonly held by businesses. They may include brand recognition, goodwill, and intellectual property like patents, trademarks, and copyrights.

The examples of intangible assets are: goodwill, patent, copyrights, trademarks.

Resources owned by a company (such as cash, accounts receivable, vehicles) are referred to as the Assets of a company but the loan which is taken is not an asset.

Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. You can divide intangible assets into two categories: intellectual property and goodwill.

Tangible personal property includes equipment, supplies, and any other property (including information technology systems) other than that is defined as an intangible property. It does not include copyrights, patents, and other intellectual property that is generated or developed (rather than acquired) under an award.

Answer and Explanation: Answer choice: c. Accounts receivable.

Certain intangible assets, however, do not typically meet either of the identifiable criteria and, therefore, are not recognized as separate intangible assets. Examples include: Customer base or unidentifiable “walk-up” customers. Noncontractual customer relationships that are not separable.

What are examples of intangible assets quizlet? ›

Examples of intangibles: patents, copyrights, trademarks. What is a patent? An intangible asset that is a federal government grant conveying an exclusive 20 year right to produce and sell an invention.

The main types of intangible assets are goodwill, brand equity, Intellectual properties (Trade Secrets, Patents, Trademark and Copyrights), licensing, Customer lists, and R&D. Usually, the values of intangible assets are not recorded in the balance sheet.

The three types of intangible assets are: (1) Purchased (2) Acquired in a business combination (3) Internally generated. (1) And (2) are classified as having a finite or indefinite useful life; (3) can only be classified as finite-lived.

Examples of tangible assets are machinery, building, vehicles, land. Examples of intangible assets are intellectual property rights, copyright, company logo, goodwill, patents trademarks, etc.

Intangible assets include patents, trademarks, copyrights, franchises, and goodwill.