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.

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Definitions:

Profitability

The degree to which a business or activity yields profit or financial gain.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.

Marginal Social Cost

The additional cost to society of producing one extra unit of a good or service.

Garbage Disposal

A device installed under a kitchen sink that shreds food waste into small pieces to pass through plumbing.