Which of the following statements is true? Tangible assets lack physical substance. Tangible assets...

60.1K

Verified Solution

Question

Accounting

Which of the following statements is true?

  1. Tangible assets lack physical substance.
  2. Tangible assets will be consumed in a year or less.
  3. Tangible assets have physical substance.
  4. Tangible assets will be consumed in over a year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students