Consider the investments in the following assets:
- Brand recognition
- Inventory
- Intellectual property
- Mailing list of clients
How many of the above are considered intangible investments?
(a) Only one
(b) Only two
(c) Only three
(d) All four
ANS. C
- A tangible asset is an asset that has physical substance. Examples include inventory, a building, rolling stock, manufacturing equipment or machinery, and office furniture
- All other three are Intangible
