Fixed Assets Can Be Either Tangible or Intangible

question 31

Multiple Choice

Fixed assets can be either tangible or intangible. Intangible assets are:

• A) property, plant and equipment.
• B) can be converted to cash in the normal course of business.
• C) can be very valuable, although they have no physical presence, such as trademarks or patents.
• D) are highly liquid.

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Definitions:

Circuits

Electrical pathways through which electric current flows.

Mile

A unit of distance equal to 5,280 feet or approximately 1,609 meters.

Dimensional Analysis

A mathematical technique used to convert units of measurement.

Conversion Formulas

Mathematical equations used for converting units from one system to another, e.g., from metric to imperial.