Intangible assets are the rights and privileges that result from ownership of long-lived assets that many of which
A) must be generated internally.
B) are depreciable natural resources.
C) have been exchanged at a gain.
D) do not have physical substance.

Question

Quizplus · Accepted Answer

Intangible assets are characterized by their lack of physical substance, distinguishing them from tangible assets like machinery or buildings.

Intangible Assets Are the Rights and Privileges That Result from Ownership