Intangible property is not taxable.

Intangible property is taxed at the same rate as tangible property.

Intangible property is taxed at a lower rate than tangible property.

Intangible property is taxed at a higher rate than tangible property.

A patent protects an invention, while a copyright protects an artistic work.

A patent protects a process, while a copyright protects a product.

A patent lasts for 20 years, while a copyright lasts for the life of the author plus 70 years.

All of the above.

The value of a business's reputation and customer loyalty.

The value of a business's physical assets.

The value of a business's intellectual property.

The value of a business's employees.

Goodwill is not taxable.

Goodwill is taxed as ordinary income.

Goodwill is taxed as capital gain.

Goodwill is taxed at a special rate.

A trademark protects a product, while a service mark protects a service.

A trademark lasts for 10 years, while a service mark lasts for 20 years.

A trademark can be renewed indefinitely, while a service mark cannot.

All of the above.

Trademarks and service marks are not taxable.

Trademarks and service marks are taxed as ordinary income.

Trademarks and service marks are taxed as capital gain.

Trademarks and service marks are taxed at a special rate.

A secret formula or process that gives a business a competitive advantage.

A secret recipe or ingredient that gives a food product a unique flavor.

A secret design or pattern that gives a product a unique appearance.

All of the above.

Trade secrets are not taxable.

Trade secrets are taxed as ordinary income.

Trade secrets are taxed as capital gain.

Trade secrets are taxed at a special rate.

A patent is a government-granted monopoly, while a trade secret is a secret formula or process.

A patent lasts for 20 years, while a trade secret can last indefinitely.

A patent can be sold or licensed, while a trade secret cannot.

All of the above.

A copyright protects an artistic work, while a trademark protects a product or service.

A copyright lasts for the life of the author plus 70 years, while a trademark lasts for 10 years.

A copyright can be renewed indefinitely, while a trademark cannot.

All of the above.

A patent protects an invention, while a copyright protects an artistic work.

A patent lasts for 20 years, while a copyright lasts for the life of the author plus 70 years.

A patent can be sold or licensed, while a copyright cannot.

All of the above.

A trademark protects a product, while a service mark protects a service.

A trademark lasts for 10 years, while a service mark lasts for 20 years.

A trademark can be renewed indefinitely, while a service mark cannot.

All of the above.

A trade secret is a secret formula or process, while a patent is a government-granted monopoly.

A trade secret lasts indefinitely, while a patent lasts for 20 years.

A trade secret can be sold or licensed, while a patent cannot.

All of the above.

A copyright protects an artistic work, while a trademark protects a product or service.

A copyright lasts for the life of the author plus 70 years, while a trademark lasts for 10 years.

A copyright can be renewed indefinitely, while a trademark cannot.

All of the above.

A patent is a government-granted monopoly, while a trade secret is a secret formula or process.

A patent lasts for 20 years, while a trade secret can last indefinitely.

A patent can be sold or licensed, while a trade secret cannot.

All of the above.