Intangible assets are a unique kind of non-current assets that provide certain legal rights, privileges, and competitive advantages to the business1. Intangible assets don’t have a physical substance or form unlike property, plant and equipment assets. Instead, intangible assets convey special rights from patents, copyrights, licenses, trademarks, etc. and other inventive works. Besides these, intangible assets also include pre-operating costs, research and development costs and leasehold improvements. Intangible assets have distinctive qualifications from other assets that require them to be recorded as intangible asset. These are;

• They have a value for a specific company

• Some of them have unlimited life

• Their values fluctuate highly because their benefits are based on competition.

The correct answer is D.