$6$

$1$ point

A real estate investor buys a shopping center and, along with the property, acquires the rights to the brand name of a popular tenant. How should the investor classify the

acquisition of the right to the brand name?

As part of the physical property, because it increases the center's market value.

As an intangible asset, since it enhances the center's future income potential.

As a leasehold improvement, because it benefits the building's operation.

As a depreciable asset, because the brand name will eventually lose value.