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A patent or copyright a firm owns is recorded as an:
AInterim asset
BIntangible asset
CIntended asset
DInternal asset
Answer & Solution
Correct answer: B. Intangible asset
1. You cannot touch it.
2. It still serves the firm for years.
3. It is an intangible asset.
_Source: OpenStax Introduction to Business, Chapter 14, Using Financial Information and Accounting._
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