Which of the following items is classified as an intangible asset? a- Forest lands b- Prepaid insurance c- Goodwill d- Land held for future use

Start networking and exchanging professional insights

Next Question:
What do intangible assets accounts include?
Posted by:
Moataz Ali Sobhi
14-October-2015

Accounting Cost Accounting Financial Accounting Economics

Question added by Said Shaban , Accountant , Tri State Materials Testing
Date Posted: 2015/07/28

Upvote (0) Views (2) Followers (5) Answers (4) Report Question

Write an Answer
Register now or log in to answer.

4 Answers

by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is C goodwill thanks

Upvote (3)

Downvote Reply () Report

by Zehab Osman , Accountant , Aldar Consultancy Co.

C-------------------------------------------------------------------------

Upvote (2)

Downvote Reply () Report

by Michael Lagunday , Accountant , Dubai Camel Racing Club

My answer is C. Goodwill.

Intangible assets are assets with monetary value without physical substance. Among the choices, only Goodwill meets both the criteria of an intangible asset.

Upvote (1)

Downvote Reply () Report

by Deleted user

C. Goodwill

An intangible asset is an asset that lacks physical substance and usually is very hard to evaluate. It includes patents, copyrights, franchises, goodwill, trademarks, trade names etc.

Upvote (0)

Downvote Reply () Report