Which characteristic is not possessed by intangible assets?
A) Physical existence.
B) Identifiable.
C) Result in future benefits.
D) Expensed over current and/or future years.

Name: Which characteristic is not possessed by intangible assets? A) Physical existence. B) Identifiable. C) Result in future benefits. D) Expensed over current and/or future years.
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Question

Quizplus · Accepted Answer

Intangible assets do not have physical existence, therefore, option A is the characteristic not possessed by intangible assets.

Which Characteristic Is Not Possessed by Intangible Assets