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Question

Physical items that can be seen and touched such as land, natural resources, buildings and equipment etc. are called ___________.

A
long lived assets
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B
tangible fixed assets
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C
wasting assets
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D
depleting assets
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Solution

The correct option is A tangible fixed assets
A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and current assets, such as inventory etc.

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