Williams Alternative Power, Inc. 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 since it is not physical in nature. It is something that adds value to the company but cannot be touched or seen.