Asked by

Naser AlRoumi
on Nov 09, 2024

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Inventory, equipment, and building are examples of what kinds of assets?

A) intangible assets
B) tangible assets
C) only current assets
D) only long-term assets

Tangible Assets

Physical and measurable assets owned by a business, such as machinery, buildings, and inventory, as opposed to intangible assets like patents or copyrights.

Inventory

The total amount of goods and materials held by a company in stock, awaiting sale or use in production.

Equipment

Tangible assets used in the operation of a business, excluding inventory and fixed assets like buildings; includes machinery, vehicles, and furniture.

  • Comprehend the distinctions between tangible and intangible assets.
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Kelly EdmondsNov 11, 2024
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