Examlex
Which of the following statements is correct?
Intellectual Property
A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.
Intangible Asset
Assets that do not have physical substance but hold value for a business, such as patents, trademarks, and goodwill.
Tangible Asset
Physical and material assets that possess value, such as machinery, buildings, and inventory.
Goodwill Asset
An intangible asset that represents the excess value of a purchased company over the fair value of its identifiable tangible and intangible assets.
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