Which of the following accounts would not be classified as an intangible?
A)Franchises
B)Research and development
C)Patent
D)Trademarks
E)Goodwill

Question

Quizplus · Accepted Answer

Intangibles are non-physical assets that lack physical substance. Franchises, patents, trademarks, and goodwill are all examples of intangible assets. However, research and development costs are expensed as incurred and cannot be recognized as an intangible asset.

Which of the Following Accounts Would Not Be Classified as an Intangible