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Question
Which one of the following is not an example of Intangible Assets?
Which one of the following is not an example of Intangible Assets?
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Solution
The correct option is D Land
Fixed Assets are classified as tangible assets and intangible assets.
Tangible assets are those which can be seen, touched like land, plant & machinery, furniture & fixture etc.
Intangible assets are those which can not be seen, touched like goodwill, patents, trademarks etc.
Land is an example of tangible assets.
Fixed Assets are classified as tangible assets and intangible assets.
Tangible assets are those which can be seen, touched like land, plant & machinery, furniture & fixture etc.
Intangible assets are those which can not be seen, touched like goodwill, patents, trademarks etc.
Land is an example of tangible assets.
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