Which of the following is not a tangible asset?Multiple choice question.TruckLandPepsi trademarkOil reserves

Break Down the Problem

1. Identify the assets listed in the options: Truck, Land, Pepsi trademark, and Oil reserves.
2. Understand the definition of tangible vs. intangible assets.

Relevant Concepts

• Tangible Assets: Physical items that can be touched or measured, such as machinery, buildings, and vehicles.
• Intangible Assets: Non-physical assets that represent value, such as trademarks, patents, and goodwill.

Analysis and Detail

1. Truck: A physical vehicle used for transportation; this is a tangible asset.
2. Land: A physical property on which buildings or other structures can be developed; this is also a tangible asset.
3. Pepsi Trademark: A brand name or symbol used to identify goods and services, which does not have a physical form; this is an intangible asset.
4. Oil Reserves: While the reserves can be extracted and sold, they are still considered tangible assets because they represent a physical commodity that can be measured.

Verify and Summarize

After evaluating the nature of each option, the only asset that falls into the category of intangible assets is the Pepsi trademark.

Final Answer

The correct answer is Pepsi trademark, as it is not a tangible asset.