BUS103: Introduction to Financial Accounting


chapter 8
question one
goodwill. copy right and trade mark are not intangible assests
and furniture is not tangible asset?
my answers are wrong,
please help me about this,


Hello Arfan, intangible assets are assets that are not physical in nature also known as corporate intellectual property such as patents, copyrights, leaseholds, trademarks, brand recognition, business methodologies and goodwill.
Intangible assets consist of non-current, non-monetary and non-physical assets of a business.
They can be classified as either definite or Indefinite depending on the specifics of that asset.
Companies must charge the cost of intangible assets to expense over the period benefited.


hi anyone can help me in BUS103 quiz 2? really bad in accounting