Intangible assets have no physical form and therefore are not at risk of becoming obsolete.

Question

Quizplus · Accepted Answer

While intangible assets like patents, copyrights, and trademarks may not have a physical form, they can still become obsolete or lose value over time due to changes in technology, consumer preferences, or legal regulations. Additionally, things like brand reputation and goodwill can be impacted by negative events or actions taken by the company. Therefore, intangible assets are not immune to the risks of becoming obsolete.

Intangible Assets Have No Physical Form and Therefore Are Not