Which of these does not fit the accounting definition of an asset?
A) Goodwill
B) Employee skills and experience
C) Land
D) Accounts receivable

Question

Quizplus · Accepted Answer

Employee skills and experience are intangible assets and may be valuable to a company, but they do not meet the accounting definition of an asset because they do not have a physical existence and cannot be objectively measured or valued on a balance sheet.

Which of These Does Not Fit the Accounting Definition of an Asset