Long-lived assets found on a company's balance sheet may include some which have no physical substance.

Name: Long-lived assets found on a company's balance sheet may include some which have no physical substance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Long-lived assets, also known as non-current assets, may include intangible assets such as patents, copyrights, trademarks, and goodwill. These assets have no physical substance but have value to the company and are expected to provide future economic benefits.

Long-Lived Assets Found on a Company's Balance Sheet May Include