BUISENESS MANAGEMENT
RECORD KEEPING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Patent
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Bonds
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Trademark
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Copyright
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Detailed explanation-1: -Land is NOT an example of intangible assets.
Detailed explanation-2: -Research Cost are not considered as an intangible asset in the balance sheet anymore.
Detailed explanation-3: -While financial assets such as stocks, shares, and bonds may sound like intangible assets (as they’re – at least to a certain extent – non-physical), it’s actually a little more complicated than that.
Detailed explanation-4: -An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.
Detailed explanation-5: -The examples of intangible assets are: goodwill, patent, copyrights, trademarks.