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

  • A. Current assets
  • B. Fixed assets
  • C. Intangible assets
  • D. Investments

Answer: Option C

The long term assets that have no physical existence but are rights that have value is known as Intangible assets. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.

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