An example of an intangible asset is a franchise.

Name: An example of an intangible asset is a franchise.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A franchise is an intangible asset because it is a valuable right or privilege granted by a franchisor to a franchisee, such as the right to operate a business and use the franchisor's name and trademarks. While physical assets like buildings and equipment are tangible assets, intangible assets are valuable but do not have a physical presence.

An Example of an Intangible Asset Is a Franchise