Intangible assets involve rights, privileges, and/or competitive advantages that result from ownership of identifiable assets that do not possess physical substance.

Question

Quizplus · Accepted Answer

Intangible assets are indeed characterized by their lack of physical substance and include rights, privileges, and competitive advantages that come from the ownership of identifiable non-physical assets.

Intangible Assets Involve Rights, Privileges, And/or Competitive Advantages That Result