Gretel,an inventor,has tools in her workshop,including hammers,a table saw,and drills. She has a patent on her most recent invention,a kitchen gas grill. She licenses the patent to Housewares,Inc. Her tangible personal property includes
A)the tools.
B)the license.
C)the patent.
D)all of the choices.

Question

Quizplus · Accepted Answer

Tangible personal property refers to physical items that can be touched or moved, such as the tools in Gretel's workshop. The license and patent are intangible assets.

Gretel,an Inventor,has Tools in Her Workshop,including Hammers,a Table Saw,and Drills