Asked by
Thomas Talas
on Nov 13, 2024
Verified
A tangible asset is one that lacks physical existence.
Tangible Asset
Physical assets or property owned by a person or company, such as buildings, machinery, and vehicles.
Physical Existence
The tangible presence of an entity or an asset, capable of being seen or touched.
- Establish the proper categorization for assets on the balance sheet.
Verified Answer
CE
Learning Objectives
- Establish the proper categorization for assets on the balance sheet.
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