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Classification of Assets and Liabilities

Is an intangi...

Question

Is an intangible asset a fixed asset?

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Solution

Intangible assets/ resources are fixed assets for being utilized over a long period of time, yet they lack actual presence. Instances of intangible resources are patent rights, intellectual property, goodwill, and copyrights.

Also see:

Difference Between Assets and Liabilities

What Are Current Assets?

What Are Non Current Assets?

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