The characteristic that separates assets such as property,plant and equipment from intangible assets is:
A)separability.
B)reliability.
C)relevance.
D)lack of physical substance.

Question

Quizplus · Accepted Answer

The characteristic that separates assets such as property, plant and equipment from intangible assets is the lack of physical substance. Property, plant, and equipment have a physical existence and can be seen and touched, whereas intangible assets do not have a physical existence, and their value lies in their intellectual or legal rights.

The Characteristic That Separates Assets Such as Property,plant and Equipment