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Question

Trade mark is ____________.

A
Current Asset
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B
Fictitious asset
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C
Tangible asset
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D
Intangible asset
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Solution

The correct option is D Intangible asset
A trade mark is an intangible asset. An intangible asset is one which is difficult to value, cannot be touched or felt. Trade mark is a design, word, symbol etc. which is used by specific businesses they are registered. It is an intellectual property.

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