Ismail Alternative Power (Pty) Ltd., a company developing solar panels is applying for a loan.The research the company has done for the manufacturing process would be a(n) _____ asset for the loan evaluation.
A)collateral
B)intangible
C)revolving
D)tangible

Question

Quizplus · Accepted Answer

The research done for the manufacturing process is an intangible asset because it is not a physical asset that can be touched or seen. It is a valuable asset for the loan evaluation because it represents the knowledge and expertise of the company, which can help to ensure the success of the loan.