CA CPT Exam > CA CPT Questions > Assets which cannot be physically touched are...
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Assets which cannot be physically touched are termed as___________
- a)Intangible assets
- b)Tangible assets
- c)Airplanes
- d)None of the given options
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Assets which cannot be physically touched are termed as___________a)In...
Intangible Assets Explanation
- Definition: Intangible assets are assets that lack physical substance and cannot be touched.
- Examples: Examples of intangible assets include patents, trademarks, copyrights, and goodwill.
- Value: Intangible assets are valuable because they represent intellectual property and competitive advantages.
- Recognition: Intangible assets are recognized in the balance sheet if they meet specific criteria, such as being identifiable and separable.
- Importance: Intangible assets are increasingly important in today's knowledge-based economy, as companies focus on innovation and brand building.
Most Upvoted Answer
Assets which cannot be physically touched are termed as___________a)In...
Intangible assets are those assets which we can't see or touch it.
ex- goodwill, patent & trademark
ex- goodwill, patent & trademark
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Community Answer
Assets which cannot be physically touched are termed as___________a)In...
A type of asset which is not physical in nature like copyright,goodwill,brand recognition,intellectual property such as patents , trademarks etc....intangible asset exist in opposition to tangible asset which includes vehicle,land , equipment.....
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Assets which cannot be physically touched are termed as___________a)Intangible assetsb)Tangible assetsc)Airplanesd)None of the given optionsCorrect answer is option 'A'. Can you explain this answer?
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