Which of the following items are intangible assets? (Select all that apply.)Multiple select question.equipmentcopyrightlandtrademarkpatent

Identifying Intangible Assets

1. Understanding Intangible Assets: Intangible assets are non-physical assets that provide value to a company over time. They are not physical items but rather represent certain rights, privileges, or competitive advantages.

2. Evaluating Each Option:

   • Equipment: This is a tangible asset, as it pertains to physical items that a business uses in its operations.
   • Copyright: This is an intangible asset. Copyrights protect the use of creative works such as literature, music, and art.
   • Land: This is a tangible asset. Land is a physical resource that can be owned or leased.
   • Trademark: This is an intangible asset. Trademarks protect brand names and logos used on goods and services.
   • Patent: This is an intangible asset. Patents grant exclusive rights to inventions or processes for a specific time period.

Final Answer

The intangible assets from the list are:

• Copyright
• Trademark
• Patent