Under IFRS, which of the following is classified as an intangible asset?a.Buildingsb.Landc.Goodwilld.InventoryClear my choice

Under IFRS, the classification of assets is based on their nature and characteristics. Intangible assets are defined as non-monetary assets that lack physical substance and are identifiable.

Out of the options provided, the correct answer is c. Goodwill. Goodwill represents the excess of the purchase price of an acquired business over the fair value of its identifiable net assets. It is considered an intangible asset because it is not a physical asset and can be separately identified and measured.

a. Buildings and b. Land are classified as tangible assets because they have physical substance.

d. Inventory is also classified as a tangible asset because it consists of goods held for sale in the ordinary course of business, which have physical substance.

Therefore, the correct answer is c. Goodwill.