NACVA CVA Exam - Topic 1 Question 74 Discussion

Actual exam question for NACVA's CVA exam

Question #: 74
Topic #: 1

[All CVA Questions]

Which of the following attribute should be there for an intangible asset to exist from an economic perspective?

AIt should be subject to legal existence and protection

BIt should be subject to specific identification and recognizable description

CIt should be subject to right of private ownership

DAll of these

Show Suggested Answer

Suggested Answer: D

by Carissa at Oct 07, 2023, 10:30 AM

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Rozella

8 months ago

I thought legal protection wasn't always necessary...

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Curtis

8 months ago

Specific identification is key for intangibles!

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Julian

8 months ago

Wait, can an intangible asset really exist without ownership?

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Amie

9 months ago

Totally agree, all those attributes matter!

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Dusti

9 months ago

Intangible assets need legal protection to exist.

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Reta

9 months ago

I remember practicing a question like this, and I think it was emphasized that all these attributes contribute to the recognition of an intangible asset. So, I would go with D.

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Felix

9 months ago

I’m a bit uncertain about this one. I know legal existence is crucial, but I can't recall if specific identification is always required.

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Tori

9 months ago

I feel like we discussed something similar in class, and I lean towards option D because it seems like all those attributes could apply to intangible assets.

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Charisse

10 months ago

I think I remember that for an intangible asset, legal protection is important, but I'm not sure if all of these attributes are necessary.

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Flo

10 months ago

This is a good test of our understanding of the economic definition of intangible assets. I'll carefully consider each option and try to eliminate the ones that don't fully meet the criteria.

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Gabriele

10 months ago

I'm a bit confused on this one. I'll need to review my notes on intangible assets before I can confidently select the right answer.

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Edda

10 months ago

Okay, I've got this. The answer is D - all of the attributes listed are required for an intangible asset to exist economically.

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Alaine

10 months ago

Hmm, I'm not entirely sure about this one. I'll need to think through the options carefully and see which one best fits the criteria.

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Miesha

10 months ago

This question seems straightforward - the key is to identify the necessary attributes for an intangible asset from an economic perspective.

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Charolette

10 months ago

Hmm, I'm not too sure about this one. I'll have to think it through carefully to decide between the options.

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Ronnie

10 months ago

My notes mentioned that the Anti-DDoS Service Pro has advanced features. I'm leaning towards that option, but I can't recall the specific differences between the levels clearly.

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Kaitlyn

10 months ago

Okay, I've got a strategy for this. I'll focus on the key features of the cartridges and see which one best matches the question.

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