Classifying tangible and intangible assets Required Identify each of the following long-term operational assets as either tangible

Question:

Classifying tangible and
Required
Identify each of the following long-term operational assets as either tangible (T) or intangible (I).
a. Pizza oven
b. Land
c. Franchise
d. Filing cabinet
e. Copyright
f. Silver mine
g. Office building
h. Drill press
i. Patent
j. Oil well
k. Desk
l. Goodwill

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...