The primary distinction between tangible and intangible assets is that:
A) intangible assets have a physical existence while tangible assets do not.
B) intangible assets do not have a physical existence while tangible assets do.
C) since tangible assets do not have a physical existence they do not show up on the balance sheet.
D) since intangible assets do not have a physical existence they do not show up on the balance sheet.

Question

Quizplus · Accepted Answer

Intangible assets, unlike tangible assets, do not have a physical form. This is the key difference between the two, where tangible assets include physical items such as buildings and machinery, and intangible assets include non-physical items such as patents, copyrights, and brand recognition.

The Primary Distinction Between Tangible and Intangible Assets Is That