Because Intangible Assets Have No Physical Form

question 45

Multiple Choice

Because intangible assets have no physical form:

• A) They are not subject to the recognition criteria of other assets and may be recorded if they satisfy the three elements of the definition.
• B) They must be expensed immediately as assets must be able to be measured.
• C) They have no real value and should be excluded from accounting reports.
• D) They cannot be sold separately and must all be classified as unidentifiable.
• E) None of the given answers.

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Definitions:

Closure

The concept in psychology where individuals seek a sense of resolution or conclusion to a psychological event or experience.

Paradoxical Cold

A phenomenon where cold stimuli are perceived as painful or burning due to neural confusion, often occurring in cold environments.

Vestibular System

A sensory system located in the inner ear that helps regulate balance and spatial orientation.

Body Orientation

The positioning of the body in relation to the surrounding space and can indicate attitudes, feelings, and intentions.