Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-Which of the following are intangible assets?
A) trade receivables, goodwill, cash
B) goodwill, trademarks, patents
C) cash, marketable securities, patents
D) patents, trademarks, buildings

Question

Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-Which of the following are intangible assets?
A) trade receivables, goodwill, cash
B) goodwill, trademarks, patents
C) cash, marketable securities, patents
D) patents, trademarks, buildings

Quizplus · Accepted Answer

Goodwill, trademarks, and patents are examples of intangible assets because they represent non-physical assets that provide economic benefits to a business.

Cost of the Asset$100,000