The long term assets that have no physical existence but are rights that have value is known as

Correct option is D

Intangible assets are long-term assets that lack physical substance but provide economic value through the rights or privileges they grant. Examples include patents, trademarks, copyrights, goodwill, and brand value. These assets are valuable to a business as they contribute to generating revenue and competitive advantage.

Information Booster:

1. Fixed Assets: Tangible long-term assets like buildings, machinery, and equipment.
2. Current Liabilities: Short-term obligations due within a year, like accounts payable or short-term loans.
3. Liquid Assets: Assets easily converted to cash, such as bank balances or marketable securities.
4. Intangible Assets: Non-physical assets providing future economic benefits. They are often amortized over their useful life.

Additional Knowledge:

• (a) Fixed Assets: Tangible assets critical for production and operation.
• (b) Current Liabilities: Related to short-term financial health and obligations.
• (c) Liquid Assets: Reflect a company's ability to meet immediate cash needs.
• (d) Intangible Assets: Key drivers of a company’s brand, innovation, and intellectual property strength.