Which of the following is NOT a tangible asset?
A)leasehold improvements
B)land
C)equipment
D)patent

Name: Which of the following is NOT a tangible asset? A)leasehold improvements B)land C)equipment D)patent
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Question

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A patent is an intangible asset that represents exclusive rights to intellectual property such as inventions, literary and artistic works, and symbols or designs. The rest of the options (leasehold improvements, land, and equipment) are tangible assets that can be physically touched or seen.

Which of the Following Is NOT a Tangible Asset