BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mortgage on premises
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Patent
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Plant and machinery
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Fixture and fittings
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Motor vehicles
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Detailed explanation-1: -Tangible assets are physical things. Examples include land, buildings, vehicles, furniture, and equipment. On the balance sheet, assets are recorded as current and long-term assets (non-current assets).
Detailed explanation-2: -Solution(By Examveda Team) A tangible asset is an asset that has a finite monetary value and usually a physical form. Tangible assets include land, equipment, furniture, vehicles, cash, inventory etc.
Detailed explanation-3: -Land, gold, real estate, and equipment are the best tangible investments. Thus, it is worth spending money on them. If we consider the benefits of investing in land, the land turns out to be the most tangible investment. Land as an asset remains in a good condition for years and does not require much maintenance.