Intangible Assets Have Two Main Characteristics: (1) They Lack Physical

question 28

Essay

Intangible assets have two main characteristics: (1) they lack physical existence, and (2) they are not financial instruments.


Instructions:

(a) Explain why intangible assets are classified as assets if they have no physical existence.

(b) Explain why intangible assets are not considered financial instruments.

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Definitions:

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Dissociative Amnesia

A dissociative disorder in which there is a complete or partial loss of the ability to recall personal information or identify past experiences.

Dissociative Identity Disorder

A severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memory and sense of identity, formerly known as multiple personality disorder.

Personality Disorders

A group of mental health conditions characterized by enduring patterns of behavior, cognition, and inner experience that deviate significantly from the expectations of the individual's culture.