Question

____________ are those fixed assets which cannot be seen or touched or felt.

• A. Intangible Assets
• B. Fictitious Assets
• C. Wasting Assets
• D. Floating Assets

Answer 1

The correct option is A Intangible Assets

Fixed Assets can be classified as:

• Tangible Assets
• Intangible Assets

Tangible Assets are those which have the physical existence, these can be seen or touched or felt. Examples are Building, Plant & Machinery etc.

Intangible Assets are those which have their existence in the business but can't be seen or touched or felt. Like Goodwill, Patents, Copy Rights etc.