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Question

Which of the following asset is not an example of Intangible Fixed Assets?

A
Vehicles
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B
Goodwill
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C
Copyrights
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D
Trade Marks and Designs
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Solution

The correct option is A Vehicles
Intangible assets are those which are having their existence in the business but these can not be seen physically, can not be touched. Examples are Goodwill, Copyrights, Trademarks and designs.

Vehicles are tangible assets as these can be seen or touched.

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