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    Question

    Which of the following is an intangible asset?

    A Railway sidings Correct Answer Incorrect Answer
    B Mining rights Correct Answer Incorrect Answer
    C Leasehold land Correct Answer Incorrect Answer
    D Plant and machinery Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Intangible assets are assets that is not physical in nature. Intangible assets include: a) Goodwill;b) Brands /trademarks;c) Computer software;d) Mastheads and publishing titles;e) Mining rights;f) Copyrights, and patents and other intellectual property rights, services and operating rights;g) Recipes, formulae, models, designs and prototypes;h) Licences and franchise; Snapshot from study notes of the ixamBee SEBI course covering topic in detail And similar conceptual questions on this topic in Accounts Section test 3

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