Operating assets with no physical properties are called
A)current assets.
B)intangible assets.
C)plant assets.
D)property,plant,and equipment.

Question

Quizplus · Accepted Answer

Intangible assets are assets that lack physical substance but still have value, such as patents, copyrights, trademarks, and goodwill. Current assets refer to assets that can be converted into cash within one year, while plant assets and property, plant, and equipment refer to physical assets such as equipment, buildings, and land.

Operating Assets with No Physical Properties Are Called