Intangible assets have no physical substance but still provide expected future benefits. Which of the following is not an intangible asset?
A)Newspaper masthead.
B)Goodwill.
C)Patent.
D)None of the above, i.e., all are intangible assets.

Question

Quizplus · Accepted Answer

All the options listed (Newspaper masthead, Goodwill, Patent) are considered intangible assets because they have no physical substance but are expected to provide future economic benefits to the entity that controls them.

Intangible Assets Have No Physical Substance but Still Provide Expected