Question

Trade mark is a __________ asset.

• A. intangible asset
• B. wasting asset
• C. fictitous asset
• D. none of the above

Answer 1

Answer: (A)

intangible asset

Intangible assets are typically non-physical assets used over the long-term. Intangible assets are often intellectual assets, and as a result, it's difficult to assign a value to them because of the uncertainty of the future benefits.

Intangible assets are intellectual property that include Patents, Trademarks etc.