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Question

Rights or economic benefits, such as franchises, patents, trademarks, copyrights, and goodwill that are not physical in nature are called _________.

A
long lived assets
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B
intangible assets
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C
wasting assets
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D
depleting assets
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Solution

The correct option is A intangible assets
Intangible assets are those assets which cannot be seen and touched, such as patents, copyright, trademarks, franchises and goodwill.

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