A distinguishing characteristic of intangible assets is the degree of uncertainty about when or if they will provide future benefits.

Question

Quizplus · Accepted Answer

Intangible assets, such as patents, trademarks, and goodwill, do not have physical existence and their future benefits may depend on various factors, such as technological changes, market conditions, legal and regulatory environment, and management decisions, which may be difficult to forecast with precision. Therefore, there is a high degree of uncertainty about when or if they will generate future economic benefits.

A Distinguishing Characteristic of Intangible Assets Is the Degree of Uncertainty