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

2 months 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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Tiara

15 days ago

Definitely, having legal protection, identification, and private ownership rights makes it more tangible in the economic sense.

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Catina

17 days ago

I agree, D does seem to cover all the bases for an intangible asset to be considered real.

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Elsa

19 days ago

D) All of these

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Hubert

25 days ago

C) It should be subject to right of private ownership

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Gearldine

27 days ago

B) It should be subject to specific identification and recognizable description

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Tammy

1 months ago

A) It should be subject to legal existence and protection

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Clarinda

2 months 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

2 months 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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Kenny

19 days ago

So, it seems like all of these attributes are necessary for an intangible asset to exist from an economic perspective.

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Kattie

22 days ago

Yes, that's true. Ownership rights and legal protection play a significant role in determining the economic value of an intangible asset.

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Lashawn

1 months 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

2 months ago

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

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Helaine

2 months 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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