Tangible and Intangible Assets Reading Comprehension

________________ are physical assets that can be seen, touched, and felt.

• Intangible Assets
  

•  Tangible Assets

• Business Assets
  

• Bank Assets

Which is an tangible asset?

• Patents

• Office Furniture

• Company Vehicles

• Raw Materials

Assets can be tangible or intangible

• True

• False

A finished product is an example of a tangible asset.

• True

• False

A ________________ assets is an asset that has physical substance.

• long-term asset

• intangible asset

• tangible asset

• short-term asset

Is it tangible or intangible?

Software

• Tangible

• Intangible

Is it tangible or intangible?

Goodwill

• Tangible

• Intangible

Is it tangible or intangible?

Building

• Tangible

• Intangible

An ___________ is defined as a current economic resource that has the potential to produce economic benefits

• inventory

• asset

• equity

• benefit

What are the two types of tangible assets?

• buildings and land

• stocks and equity

• inventory and fixed assets

• tangible and intangible