Which Characteristic Is Not Possessed by Intangible Assets

question 54

Multiple Choice

Which characteristic is not possessed by intangible assets?

• A) Physical existence.
• B) Identifiable.
• C) Result in future benefits.
• D) Expensed over current and/or future years.

---

Definitions:

Personal Property

Personal property refers to movable property that is not fixed to one location and can include items like vehicles, furniture, and electronics.

Secures Payment

Refers to any method or measure taken to ensure that a debt or financial obligation will be paid, such as collateral or a guarantee.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States.

Secured Transactions

involve agreements in which the borrower provides the lender a security interest in personal property as collateral for a loan.