Which of the following is an example of an intangible asset?
A) The cash received by a company from the sale of its inventory stock
B) The new machinery bought by a clothing company
C) The land leased out by a farmer to a private company for commercial use
D) The goodwill showed by a food manufacturing company by helping its competitor at a time of crisis

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset as it represents non-physical value, such as reputation or brand strength, that can benefit a company.

Which of the Following Is an Example of an Intangible