What are the long-term assets which do not have any physical existence? A. Intangible Assets B. Tangible Assets C. Current Liabilities D. Current Assets
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- Is intangible assets is classified as current assets?Which of the following does describe intangible assets? a. They are not lack physical existence. b. They are financial instruments. c. They provide short-term benefits. d. They are classified as long-term assets.Which of the following assets have definite physical share or identity and existence? [A] fictitious assets [B] current assets [C] tangible assets [D] intangible assets
- WHAT IS FUNCTIONAL OBSOLECENSE OF ASSETS?Which of the following is typically recorded at its present value? a. long-term investments b. long-term liabilities c. intangible assets d. contigent liabilitiesAssets are often classified into current assets, long-term investments, plant assets, and intangible assets. Group of answer choices True False