Which of the following is not an example of a tangible asset?Multiple ChoiceFranchise rightsOffice buildingManufacturing equipmentCopy machine
Question
Which of the following is not an example of a tangible asset?Multiple ChoiceFranchise rightsOffice buildingManufacturing equipmentCopy machine
Solution
Franchise rights are not an example of a tangible asset. Tangible assets are physical and measurable assets that are used in a company's operations. Assets like an office building, manufacturing equipment, and a copy machine are all physical, or "tangible" assets. On the other hand, franchise rights are considered an intangible asset because they are not physical in nature. Instead, they represent a legal agreement or right that a company or individual has purchased.
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