Which of the following is an intangible asset?
A) Oil
B) Goodwill
C) Retained earnings
D) Land

Question

Quizplus · Accepted Answer

Intangible assets are non-physical, non-monetary assets that lack physical substance. Goodwill is an example of an intangible asset, which represents the excess value of a company's tangible assets over its purchase price. Oil, land, and retained earnings are examples of tangible assets or financial assets but not intangible assets.

Which of the Following Is an Intangible Asset