Which is not an example of an intangible asset?

Investment is not considered an intangible asset because it typically refers to tangible or financial resources that are allocated to generate future income or benefits. Investments can include physical assets like real estate, machinery, or stocks and bonds which have intrinsic value and can be measured in monetary terms. Intangible assets, on the other hand, cannot be physically touched or seen and often relate to intellectual property or competitive advantages that contribute to a company's value but do not have a physical presence.

Examples of intangible assets include brand recognition, goodwill, and trademarks, all of which are essential for building market reputation and enhancing a company's competitive position. These assets are difficult to quantify and may not appear on financial statements as readily as tangible assets.