long term assets without any physical existence but possessing a value are called
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Long term assets without any physical existence but, possessing a value are called?
Mar 18,2023 - Long term assets without any physical existence but, possessing a value are called? | EduRev Class 11 Question is disucussed on EduRev Study Group by 102 Class 11 Students.
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Long term assets without any physical existence but, possessing a value are called?
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Long term assets without any physical existence but, possessing a valu...
Long-term assets without any physical existence but possessing a value are called intangible assets. Intangible assets are non-physical assets that have value and contribute to a company's operations and financial performance. Examples of intangible assets include patents, trademarks, copyrights, and intellectual property, as well as goodwill and brand value.
Intangible assets are different from tangible assets, which are physical assets such as buildings, equipment, and inventory. Tangible assets can be seen and touched, whereas intangible assets are more abstract and do not have a physical form.
Intangible assets are important to a company's financial health because they can generate revenue and provide a competitive advantage. For example, a company's patents may allow it to produce and sell products that are protected from competition, while its brand value may make it more attractive to consumers.
Intangible assets are usually recorded on a company's balance sheet as long-term assets, along with tangible assets such as buildings, machinery, and land. They are typically valued based on the expected future economic benefits they will generate, and they are subject to depreciation over time.
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The long term assets that have no physical existence but are
The long term assets that have no physical existence but are rights that have value is known as a) Current assets b) Fixed assets c) Intangible assets d) Investments
Examveda
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets B. Fixed assets
C. Intangible assets
D. Investments
Answer: Option CSolution(By Examveda Team)
The long term assets that have no physical existence but are rights that have value is known as Intangible assets. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
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Rajkumar Prabhu : 2 years ago
Business account_____
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The long term assets that have no physical existence but are rights that have value is known asA. Current assets B. Fixed assets
C. Intangible assets
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The assets that can be converted into cash within a short period (i.e. 1 year or less) are known asA. Current assets B. Fixed assets
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[Solved] Long term assets having no physical existence but, possessing a value are called
Q.
Long term assets having no physical existence but, possessing a value are called
A. Intangible assets
B. Fixed assets C. Current assets D. Investments
Answer» A. Intangible assets
View all MCQs in: Business Accounting
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