Discuss NACVA CVA Exam Topic 1 Question 74

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

Suggested Answer: D

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17 comments · newest first

Rozella 11 months ago

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

Curtis 11 months ago

Specific identification is key for intangibles!

Julian 11 months ago

Wait, can an intangible asset really exist without ownership?

Amie 12 months ago

Totally agree, all those attributes matter!

Dusti 12 months ago

Intangible assets need legal protection to exist.

Reta 1 year 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.

Felix 1 year 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.

Tori 1 year 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.

Charisse 1 year 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.

Flo 1 year 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.

Gabriele 1 year 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.

Edda 1 year ago

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

Alaine 1 year 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.

Miesha 1 year ago

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

Charolette 1 year ago

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

Ronnie 1 year 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.

Kaitlyn 1 year 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.

NACVA CVA Exam - Topic 1 Question 74 Discussion