Some assets don't seem to fit neatly into any category so accountants created a category called 'other'.Which asset would be considered an 'other' asset?
A)Land
B)Machinery
C)Contingency funds
D)Goodwill

Question

Quizplus · Accepted Answer

Goodwill is considered an 'other' asset because it is an intangible asset that doesn't fit into traditional categories like physical assets (land, machinery) or financial reserves (contingency funds).

Some Assets Don't Seem to Fit Neatly into Any Category