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Section 1
Distinguish between Tangible and Intangible Assets
Property, Plant, and Equipment is considered why type of asset?A. current assetsB. contra assetsC. tangible assetsD. intangible assets
Which of the following would not be considered an intangible asset?A. goodwillB. patentC. copyrightD. inventory
The legal protection that provides a company exclusive rights to produce and sell a unique product is known as which of the following?A. trademarkB. copyrightC. patentD. goodwill