Which of the following characteristics do intangible assets possess?
A) Physical existence.
B) Claim to a specific amount of cash in the future.
C) Long-lived.
D) Held for resale.

Question

Quizplus · Accepted Answer

Intangible assets are non-physical assets that have a useful life beyond one year, making them long-lived. They do not have physical existence, do not directly claim a specific amount of cash in the future, and are not typically held for resale.

Which of the Following Characteristics Do Intangible Assets Possess