Intangible assets are
A) listed under current assets on the balance sheet.
B) not listed on the balance sheet because they do not have physical substance.
C) long-lived assets that are often very valuable.
D) listed as a long-term investment on the balance sheet.

Question

Quizplus · Accepted Answer

Intangible assets are long-lived assets that can be very valuable to a company, even though they do not have physical substance. Examples include patents, trademarks, and copyrights. They are recognized on the balance sheet when they are acquired and provide future economic benefits.

Intangible Assets Are