Fixed assets can be either tangible or intangible. Intangible assets are:
A) property, plant and equipment.
B) can be converted to cash in the normal course of business.
C) can be very valuable, although they have no physical presence, such as trademarks or patents.
D) are highly liquid.

Question

Quizplus · Accepted Answer

Intangible assets, such as trademarks or patents, are valuable due to their ability to generate economic benefits for the owner, despite having no physical presence.

Fixed Assets Can Be Either Tangible or Intangible