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An asset that is NOT physical in nature is called

This question belongs to Commerce Accounting
Accounting
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An asset that is NOT physical in nature is called

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Correct Answer: Option A
An asset that is NOT physical in nature is called Intangible asset. 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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