Question 19 (1 point) An intangible asset is: Saved 1) An asset representing certain legal rights and economic relationships that has no physical existence but is beneficial to the owner. 2) Another name for plant asset, no longer widely in use. 3) That portion of the value of a business due to its expected ability to earn a rate of return greater than the average in its industry. 4) An uncollectible receivable. 5) An asset that can be easily converted into other types of assets or used to buy services or satisfy obligations.