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7 April, 09:25

An example of an intangible asset is Question 8 options: land. a building. assembly cost. a patent.

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  1. 7 April, 09:54
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    Anything that's intangible means you cannot touch it. You can touch the land (with your feet), and you can touch a building. Neither are intangible assets.

    An assembly cost is intangible, but it's not an asset. It's a cost. Assets are things with long term value - a cost is something spent.

    A patent has value in the future - someone with the patent owns the ability to make a product. That makes it an asset. It's also a right and not able to be touched.

    Thus, the patent is an example.
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