Which of the following is not considered an intangible asset?
A) A leasehold
B) An oil well
C) A franchise
D) Goodwill

Question

Quizplus · Accepted Answer

An oil well is not considered an intangible asset because it is a tangible asset, meaning it has physical substance and can be touched. Intangible assets are assets that do not have physical substance but still hold value, such as trademarks, copyrights, and patents. A leasehold, franchise, and goodwill are all considered intangible assets.

Which of the Following Is Not Considered an Intangible Asset