In investing activities, firm prefer to acquired tangible and intangible assets and invest in long lived...
In investing activities, firm prefer to acquired tangible and intangible assets and invest in long lived term.
Please explain what are the tangible and intangible assets and reasons for investing in long term assets.
Homework Answers
Tangible assets are those which has physical appearance. These assets can be touched, seen. E.g. Machinery, Building, Furniture, etc.
Intangible assets are those which do not have physical appearance. These are not visible. E.g. Trademark, Patents, Copyrights.
Investment is made in these long term assets because these assets will be used to manufacture goods and to provide services. These assets are used to earn revenue. Without these assets, firm cannot run the business. It also helps to run the business efficiently.
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