Which of the following is most likely to be an intangible asset with an indefinite life?
A)Licenses
B)Franchise
C)Patent
D)Goodwill

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that arises when a company is purchased for more than the value of its tangible assets such as property, plant, and equipment. It represents the reputation and relationships that a business has built with its customers, suppliers, and other stakeholders over time. Goodwill has an indefinite life because it is not subject to physical deterioration or wear and tear, and its value can potentially increase over time as the business continues to operate and grow.

Which of the Following Is Most Likely to Be an Intangible