NACVA Exam CVA Topic 4 Question 101 Discussion

Actual exam question for NACVA's CVA exam

Question #: 101
Topic #: 4

[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 Izetta at Oct 22, 2024, 09:37 AM

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Amie

9 days ago

Ah, the age-old question of what makes an asset 'real' in the eyes of the economy. I'd go with D - all those criteria ensure it has substance, not just smoke and mirrors. Though I suppose you could argue intangible assets are just fancy vapor anyway.

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Tammy

3 days ago

A) It should be subject to legal existence and protection

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Clarinda

20 days ago

Option D is the way to go. You need the full package - legal status, clear identification, and private ownership rights. Anything less and it's just a figment of your imagination. Or a government conspiracy, depending on how you look at it.

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Francesco

21 days ago

I think B is the key one. If you can't specifically identify and describe the asset, how can it be considered legitimate from an economic standpoint? Ownership and legal protection are important, but recognition is fundamental.

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Lashawn

2 days ago

But don't you think legal existence and protection are also important for the asset to be considered valuable?

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Leonida

7 days ago

I agree, being able to specifically identify and describe the asset is crucial for its economic existence.

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Helaine

27 days ago

Definitely D - all those attributes are essential for an intangible asset to exist. You can't have an invisible, state-less asset, can you? That would be like trying to sell the air we breathe!

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Makeda

28 days ago

I agree with Bulah. Intangible assets should have legal protection, specific identification, and private ownership rights.

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Bulah

1 months ago

I think the answer is D) All of these.

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