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What are the long-term assets which do not have any physical existence?
7. What are the long-term assets which do not have any physical existence?
- Intangible Assets
- Tangible Assets
- Current Liabilities
- Current Assets
Answer: A) Intangible Assets
Explanation:
Intangible Assets have no physical existence. For Example, Goodwill, Brand Recognition, Patents etc. are known as Intangible Assets.