Which of the following is a necessary factor relating to the existence of an intangible asset?
A) Disclosure in financial statements
B) Classification
C) Liquidity
D) Existence of future economic benefits

Question

Quizplus · Accepted Answer

The existence of future economic benefits is a necessary factor for the existence of an intangible asset. Intangible assets are defined as non-physical assets that provide future economic benefits to the company, such as patents, trademarks, or copyrights. Disclosure in financial statements, classification, and liquidity are important considerations for intangible assets, but they are not necessary factors for their existence.

Which of the Following Is a Necessary Factor Relating to the Existence