Match the descriptions with their terms:
-Examples are franchises and licences.
A) Gain on disposal
B) Loss on disposal
C) Trademark
D) Finance lease
E) Asset turnover
F) Average useful life
G) Goodwill
H) Agricultural assets
I) Intangible asset
J) Research costs

Question

Quizplus · Accepted Answer

Intangible assets are non-physical assets that have value, such as franchises and licenses. These assets are identifiable and provide economic benefits to their owners.

Match the Descriptions with Their Terms