💼 Pre-MBA Exam Prep

Intangible assets include:

A Only tangible property

B Patents, trademarks, copyrights, and goodwill — non-physical assets with economic value

C Cash and inventory

D Accounts receivable

✓ Correct Answer: Option B

Intangible assets: identifiable (patents, trademarks — amortized over useful life) and unidentifiable (goodwill — not amortized, tested for impairment annually).

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Intangible assets include:

✓ Correct Answer: Option B

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