Asked by Tyteana Ratliff on May 26, 2024
Verified
Intangible property is property that does not exist in a physical form.
Intangible Property
Assets that cannot be physically touched or held, such as intellectual property, goodwill, and copyrights.
Physical Form
The tangible aspect or embodiment of something, usually referring to documents or goods that have a material existence.
- Differentiate between tangible and intangible property.
Verified Answer
SS
Seynthan SelvachandranMay 27, 2024
Final Answer :
True
Explanation :
Intangible property refers to assets that do not have a physical presence, such as intellectual property, copyrights, trademarks, and patents.
Learning Objectives
- Differentiate between tangible and intangible property.