Which of the following is a criterion that must be met in order for an item to be recognized as an intangible asset?
the item is identifiable and lacks physical substance.
the item is part of the entity’s activities aimed at gaining new scientific or technical knowledge.
the item is expected to be used in the production or supply of goods or services.
the item’s fair value can be measured reliably.

The item is identifiable and lacks physical substance.

Explanation:

Intangible asset: Intangible asset is that asset which cannot be seen or even touched. It has no physical existence.

Example: Goodwill, patents, trademarks, copyrights and other intellectual properties

In these types of assets, amortization is charged instead of depreciation.  

It neither used for production, nor its gains any scientific or technical knowledge, and its value neither measure reliability

Hence, option a is correct  

answer: heh

explanation:

answer; dividing net income by 1- t ;