Q232
An asset that is NOT physical in nature is called
A.
Intangible asset
AnswerB.
Liquid asset
C.
Current asset
D.
Fixed asset
Answer: Option A
Solution
Answer: Option A
Solution:
An asset that is NOT physical in nature is called Intangible asset. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.