Cassie's app is classified as what type of asset?

The classification of Cassie's app as intellectual property is accurate because intellectual property (IP) encompasses creations of the mind, including inventions, designs, brands, and, importantly, software applications. An app represents a unique idea or innovation that is protected under IP laws, granting the creator certain rights to control its use and distribution.

Intellectual property rights are critical for creators as they allow them to capitalize on their work, establish ownership, and potentially generate revenue through licensing or sales. This classification highlights the intrinsic value of Cassie's app, which includes its development, functionality, and any unique features that set it apart from other applications in the market.

In contrast, physical inventory refers to tangible goods held for sale, imaginary would imply a non-existent value, and worthless suggests a lack of value, which would not apply to an app that likely has potential market value and utility. Thus, identifying the app as intellectual property properly reflects its importance as a creative and economic asset.