Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 12 - Intangible Assets - Review and Practice - Questions - Page 637: 1

Answer

Two main characteristics of an intangible asset include; 1. Lack of physical presence 2. They cant be categorized as financial instruments.

Work Step by Step

Examples of an intangible assets include trademarks, patents and Marketing rights
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions