Which one of the following is classified as an intangible fixed asset?
A)accounts receivable
B)production equipment
C)building
D)trademark
E)inventory

Question

Quizplus · Accepted Answer

A trademark is an intangible asset that represents a company or product's brand identity. It has value because it can be used to distinguish the company or product from its competitors. Accounts receivable (A) and inventory (E) are both classified as current assets, while production equipment (B) and building (C) are tangible fixed assets.

Which One of the Following Is Classified as an Intangible