Which of the following is considered intangible property?

Intangible property refers to assets that do not have a physical presence, meaning they cannot be touched or physically measured. Instead, they represent value through legal rights or other non-physical characteristics. A copyright is a perfect example of intangible property, as it grants the holder certain exclusive rights to the use of an author's original work, such as music, literature, or art. This value is derived from the rights it embodies rather than any physical form.

On the other hand, the other items listed—such as a car, a piece of land, and a garage—are all tangible properties. They exist in a physical form and can be touched and measured, which distinguishes them from intangible assets like copyrights. Thus, the recognition of copyright as intangible property aligns with the definition that it represents legal rights rather than physical objects.