Multiple Choice
What is the distinguishing feature of a tangible asset compared to other fixed assets?
A) A tangible asset has a physical substance.
B) A tangible asset is subject to a reduction of its value over time.
C) A tangible asset is a long-lived asset.
D) A tangible asset is used in the course of the operations of the business and is not acquired for the purpose of resale.
Correct Answer:
Verified
Correct Answer:
Verified
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