content area top Part 1 Distinguish between a tangible and an intangible asset. (Select all that apply.) Question content area bottom Part 1 Tangible assets are A. long-lived. B. have economic value because of the rights they confer on the holder. C. used in the production and sale of other assets. D. lack physical substance. E. tangible in nature. Part 2 Intangible assets are A. used in the production and sale of other assets. B. tangible in nature. C. have economic value because of