Intangible property is property that:
A) cannot be sold for profit
B) is tangible and concrete
C) is not taxable
D) is not for sale
E) none of the other choices are correct

Question

Quizplus · Accepted Answer

Intangible property refers to assets that do not have a physical form but have value, such as intellectual property, patents, trademarks, and copyrights. These can indeed be sold for profit, are often taxable, and can be for sale, contradicting the other options provided.

Intangible Property Is Property That