An example of an intangible asset is:
A) A patent
B) Land
C) Investment in another company
D) Raw material inventory

Question

Quizplus · Accepted Answer

A patent is an example of an intangible asset because it is a legal right granted to the owner to prevent others from using or selling the invention for a specific period. It cannot be touched or seen but has economic value.

Other options such as land, investment in another company, and raw material inventory are tangible assets as they have a physical existence and can be seen or touched.

An Example of an Intangible Asset Is