Intangible assets are reported on the balance sheet
A) with an accumulated depreciation account.
B) in the property, plant, and equipment section.
C) separately from other assets.
D) None of these answer choices are correct.

Question

Quizplus · Accepted Answer

Intangible assets are reported separately from other assets on the balance sheet. They are not depreciated like tangible assets and therefore do not have an accumulated depreciation account. They are also not included in the property, plant, and equipment section.

Intangible Assets Are Reported on the Balance Sheet