An Intangible Asset

question 125

Multiple Choice

An intangible asset

• A)derives its value from the rights and privileges it provides the owner.
• B)is worthless because it has no physical substance.
• C)is converted into a tangible asset during the operating cycle.
• D)cannot be classified on the balance sheet because it lacks physical substance.

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Definitions:

Identity

A concept referring to the qualities, beliefs, personality, looks, and expressions that make a person or group.

Being-for-oneself

A philosophical concept often related to existentialism, emphasizing the individual's existence, autonomy, and responsibility for their own development.

Intentionality

The quality of being directed toward an object or objective; in philosophy, it refers to the ability of the mind to be about, to represent, or to stand for things, properties, or states of affairs.

Subjectifies

The process of making or treating something as a subject, imbuing it with subjective qualities or perspectives.