What Are Intangible Assets? - Definition & Types

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is a business that only sells intangible assets?

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1. Which of the following is true of an intangible asset?

2. A(n) _____ asset is something that is non-physical, but holds value for a specific time period.

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About This Quiz & Worksheet

In this quiz and worksheet, we've included a series of questions on the different types of intangible assets. As you answer these questions, you'll address topics including the type of asset that is non-physical but holds value and some true and false statements about intangible assets.

Quiz & Worksheet Goals

Our quiz is a helpful way to:

  • An example of a business that sells only intangible assets
  • True and false statements about intangible assets
  • The type of asset that is non-physical but holds value for a time
  • What an original song is subject to when an artist creates it
  • Which type of asset includes land, buildings and equipment

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related intangible asset lesson
  • Information recall - access the knowledge you've gained regarding an example business that sells only intangible assets
  • Interpreting information - verify that you can read information regarding the asset type that includes buildings, equipment and land and interpret it correctly

Additional Learning

In our professionally written lesson titled What Are Intangible Assets? - Definition & Types, we've included more information about this subject. After you complete this lesson, you should be ready to:

  • Provide examples of intangible assets
  • Define goodwill and examples of it
  • Explain indefinite intangible assets
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