The only long-term asset that cannot be separated from the business and sold is
A)land.
B)buildings.
C)goodwill.
D)trademarks.

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that represents the value of a business as a going concern. It includes factors such as the reputation, customer base, and brand recognition of the business. Unlike tangible assets such as land and buildings, goodwill cannot be easily separated from the business and sold independently. It is unique to each business and is therefore a long-term asset that cannot be easily replicated or replaced.

The Only Long-Term Asset That Cannot Be Separated from the Business