Which of the following is not a characteristic of an intangible asset which distinguishes it from a tangible asset?
A)generally a higher degree of uncertainty regarding the future benefit that may be derived
B)value is subject to narrower fluctuations because it is less sensitive to competitive conditions
C)may have value to only a particular company
D)an intangible with an indefinite life is not expensed

Question

Quizplus · Accepted Answer

This is not a characteristic that distinguishes an intangible asset from a tangible asset. Tangible assets can also have value that is subject to narrower fluctuations and be less sensitive to competitive conditions.

Which of the Following Is Not a Characteristic of an Intangible