Question

Patents and copyrights are current assets. property, plant, and equipment. intangible assets.

Patents and copyrights are

current assets.
property, plant, and equipment.
intangible assets.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Current assets are the assets which are easily converted into cash.

Property, plant and equipment are Tangible assets. Tangible assets are the assets which are physically available. Eg - Furniture , machine ,etc.

Intangible assets are physically not available. But helps us in increasing our business. Eg - Goodwill, patents, copyright, etc.

Hence, Patents and copyright are intangible assets.

Add a comment
Know the answer?
Add Answer to:
Patents and copyrights are current assets. property, plant, and equipment. intangible assets.
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT