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Long-term assets having no physical existence but possessing a value are called:
Question

Long-term assets having no physical existence but possessing a value are called:

A.

Investments

B.

Intangible assets

C.

Fixed assets

D.

Current assets

Correct option is B

Intangible assets are long-term assets without a physical form but provide economic benefits, such as patents, copyrights, trademarks, and goodwill.

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