The three main characteristics of intangible assets are
A) identifiability, non-physical existence, and nonmonetary nature.
B) identifiability, physical existence, and separability.
C) separability, identifiability, and nonmonetary nature.
D) physical existence, nonmonetary nature, and identifiability.

Question

Quizplus · Accepted Answer

The three main characteristics of intangible assets are identifiability, non-physical existence, and nonmonetary nature. Identifiability means the asset can be distinguished from other assets; non-physical existence indicates it does not have a physical form; and nonmonetary nature means its value is not in a fixed or determinable amount of money.

The Three Main Characteristics of Intangible Assets Are