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The term intangible assets is used in accounting to denotea. suc.pdf

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The term \"intangible assets\" is used in accounting to denotea. such items as patents, copyrights, and claims against customers which can be valued on a monetary basis.b. assets with lesser economic significance because of the nature of such assets.c. properties without physical characteristics that have long-term effects on a business enterprise.d. current or noncurrent property items without physical characteristics. Solution As the intanbile asset has no physical characteristic but it can be used by the company for long terms and have a monetary value So correct answer is C as the properties without physical characteristics that have long effect on business enterprises.

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The term "intangible assets" is used in accounting to denotea. such items as patents, copyrights, and claims against customers which can be valued on a monetary basis.b. assets with lesser economic significance because of the nature of such assets.c. properties without physical characteristics that have long-term effects on a business enterprise.d. current or noncurrent property items without physical characteristics. Solution As the intanbile asset has no physical characteristic but it can be used by the company for long terms and have a monetary value So correct answer is C as the properties without physical characteristics that have long effect on business enterprises

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