Question

Which form of assets are long-term assets that have monetary value but no physical presence? __________ assets are long-term assets that have monetary value but no physical presence.

A) Tangible
B) Intangible
C) Liquid
D) Fixed

Answer 1

Intangible assets are long-term assets that have monetary value but no physical presence, such as patents, copyrights, trademarks, and goodwill.

Step-by-step explanation:

Intangible assets are long-term assets that have monetary value but no physical presence. These assets include items such as patents, copyrights, trademarks, and goodwill. Unlike tangible assets, which can be seen and touched, intangible assets are often represented by legal or contractual rights.