Question

Define Intangible Fixed Assets.
2. Long term assets having
no physical existence but, possessing a value are called
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Answer 1

Answer:

1. Intangible assets are fixed assets to be used over the long term, but they lack physical existence. Examples of intangible assets include goodwill, copyrights, trademarks, and intellectual property. Meanwhile, long-term investments can include bond investments that will not be sold or mature within a year.

2.Intangible assets

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Answer 2

Answer:

Intangible fixed assets

Explanation:

intangible assets are those assets which do not have physical existence.