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Classification of Assets and Liabilities

What are inta...

Question

What are intangible fixed assets?

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Solution

Intangible fixed assets are those that lack physical structure. They are acquired by businesses to help them run operations on a daily basis. Examples of intangible assets are patents, copyrights, trademarks, and logos.

Also see:

Difference Between Assets and Liabilities

What Are Current Assets?

What Are Non Current Assets?

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