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

long lived assets

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tangible fixed assets

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wasting assets

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

The correct option is A tangible fixed assetsA 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.

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.