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What is an Intangible Asset?
2. What is an Intangible Asset?
- An asset that is not physical in nature
- Assets that have no tangible existence
- Assets of a company that are expected to be sold or used
- An asset that can easily be converted into cash
Answer: A) An asset that is not physical in nature
Explanation:
An intangible asset can be named either endless or clear. An organization's image name is viewed as an endless theoretical resource since it stays with the organization however long it proceeds with activities. An illustration of a positive immaterial resource would be legitimate consent to work under one more organization's patent, without any plans of expanding the arrangement. The understanding subsequently has a restricted life and is named an unmistakable resource. While a theoretical resource doesn't have the conspicuous actual worth of an industrial facility or hardware, it can demonstrate the importance for a firm and be basic to its drawn-out progress or disappointment.