Which of the following accounts would not be considered an intangible asset?
A)Goodwill
B)Patents
C)Research and development costs
D)Trademarks

Name: Which of the following accounts would not be considered an intangible asset? A)Goodwill B)Patents C)Research and development costs D)Trademarks
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Question

Quizplus · Accepted Answer

Intangible assets are assets without physical substance, such as goodwill, patents, and trademarks. Research and development costs, however, are considered expenses and are not classified as intangible assets.

Which of the Following Accounts Would Not Be Considered an Intangible