Patent account falls under

A. Investments

B. Liabilities

C. Current assets

D. None of these

Answer: Option D

Solution(By Examveda Team)

A patent is an amortizable, intangible asset that grants a business the sole right to manufacture and sell an invention. An intangible asset is a useful resource without any physical presence. The assets such as trademarks, copyrights, patents, goodwill etc are intangible assets.