A key characteristic that separates intangible assets from assets such as property, plant and equipment is:
A) length of useful life.
B) separability.
C) reliability.
D) lack of physical substance.

Question

Quizplus · Accepted Answer

The key characteristic that separates intangible assets from assets such as property, plant and equipment is the lack of physical substance. Intangible assets are non-physical assets that have value but cannot be seen, touched or felt. This is different from tangible assets like property, plant and equipment, which have physical substance and can be seen and touched.

A Key Characteristic That Separates Intangible Assets from Assets Such