Question 10:


Which of the followings is an example of intangible asset  

A. Furniture and fittings  

B. Fixtures and fittings  

C. Franchise  

D. Freehold property  

E. Motor vehicle 


The correct answer is (C)


Question Review:

An intangible asset is an asset that lacks physical substance or that is not physical in nature.

The main types of intangible assets are Goodwill, brand equity, Intellectual properties (Trade Secrets, Patents, Trademark and Copywrites), licensing, Customer lists, and R&D.

Franchise is the correct answer in this case.

Read other posts for more questions solved and don't forget to share your thoughts in comments below