Some assets don't seem to fit neatly into any category so accountants created a category called "other." Which asset would 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 does not fit into the typical categories of physical or financial assets.

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