Which of the following intangible assets could not be sold by a business to raise needed cash for a capital project?
A) Patent.
B) Copyright.
C) Goodwill.
D) Trade name.

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the value of a business in excess of the fair market value of its tangible assets. However, it cannot be sold separately from the business as it is intrinsic to the business itself. Therefore, it cannot be used to raise cash for a capital project. Patents, copyrights, and trade names, on the other hand, can be sold or licensed to generate cash.

Which of the Following Intangible Assets Could Not Be Sold