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

To determine which items among the provided options are intangible assets, we first need to understand the definition of intangible assets. Intangible assets are non-physical assets that have value due to their rights or advantages. Based on this understanding, let’s analyze each option.

1. Patent: Intangible asset. A patent provides exclusive rights to an invention or process, preventing others from using it without permission.

2. Land: Not an intangible asset. Land is a tangible asset because it has a physical presence and can be touched.

3. Copyright: Intangible asset. A copyright grants the creator exclusive rights to their original works, such as literature or music.

4. Equipment: Not an intangible asset. Equipment is a tangible asset as it refers to physical machinery and tools used in operations.

5. Trademark: Intangible asset. A trademark protects the symbols, names, and slogans used to identify goods or services, distinguishing them from others in the market.

Conclusion

The items that are intangible assets from the provided options are:

• Patent
• Copyright
• Trademark