What is the difference between tangible and intangible assets?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- What is the difference between tangible and intangible assets?
No more than one short paragraph (less than 50 words)
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Step 1
- The tangible assets are those types of assets that are physically present, hence they can be seen or touched.
- The intangible assets represent the assets that are not physically present hence they can neither be seen nor touched, but can only be experienced.
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