Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) Intangible assets are fundamentally the same as tangible assets for recognition purposes.
B) Financial assets such as loans and receivables are excluded from being classified as intangible assets.
C) Separability tests whether an entity can divide an asset from other assets and transfer it to another entity.
D) Non-physical assets cannot be recognised unless they are identifiable.