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Goodwill

Rights or eco...

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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Q. Goodwill accounts, patents account, trademarks account, copyrights account are examples of _____________.

Q. Why Goodwill considered as an intangible asset but not a fictitious asset?

Q. Franchise rights, goodwill and patents are the examples of___________.

Q. Amortization of intangible asset such as Goodwill which has a indefinite life is an example of accounting concept __________________.

Q. Intellectual Property is protected by patents, copyright and trademarks. Which of the following pairs are correctly matched in this regard?
1. Patents: Exclusive right granted for a new technical solution to a problem.
2. Copyright: The rights that creators have over their literary and artistic works.
3. Trademark: It distinguishing the goods or services of one enterprise from other.
Select the correct option given code below:

बौद्धिक संपदा पेटेंट, कॉपीराइट और ट्रेडमार्क द्वारा संरक्षित है। इस संबंध में निम्नलिखित में से कौन सा/से युग्म सही सुमेलित है/हैं ?
1. पेटेंट: किसी समस्या के नए तकनीकी समाधान के लिए विशेष अधिकार।
2. कॉपीराइट: रचनाकारों के अपने साहित्यिक और कलात्मक कार्यों पर अधिकार।
3.

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