Which type of asset has a physical form?
A)Master asset
B)Tangible asset
C)Informal asset
D)Intangible asset
E)None of the above

Question

Quizplus · Accepted Answer

Tangible assets have a physical form and can be seen and touched, such as property, equipment, inventory, and cash. Master assets are a type of intangible asset, informal assets are not recognized in accounting, and intangible assets do not have physical form.

Which Type of Asset Has a Physical Form