Question: A tangible asset has physical substance; an intangible asset does not have physical substance. Buildings, equipment, and inventories of goods are [tangible / intangible] assets.

A tangible asset has physical substance; an intangible asset does not have physical substance. Buildings, equipment, and inventories of goods are [tangible / intangible] assets. The protection provided by an insurance policy is a(n) [tangible / intangible] asset.

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