Which of the following is an example of an intangible asset for a manufacturer of padlocks?
A) patent on a titanium lock mechanism
B) money owed to the company by a superstore chain
C) machine for forming the locks out of sheet metal
D) warehouse for storing locks

Question

Quizplus · Accepted Answer

A patent on a titanium lock mechanism is an intangible asset because it gives the manufacturer exclusive rights to the design and prevents others from using or selling the same concept.

Which of the Following Is an Example of an Intangible