Which of the following is considered an intangible asset? C2 . M-PESA Africa Internal(5 Points)LandBuildingsGoodwillEquipment
Question
Which of the following is considered an intangible asset? C2 . M-PESA Africa Internal(5 Points)LandBuildingsGoodwillEquipment
Solution
Goodwill is considered an intangible asset. Unlike land, buildings, and equipment, which are tangible assets because they have a physical form, goodwill is intangible because it does not have a physical presence. It represents the value of a company's brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology.
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