Multiple choice

Trade marks are

  1. fixed assets

  2. tangible fixed assets

  3. intangible fixed assets

  4. current assets
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Trademarks are intangible assets because they lack physical substance but have value and provide long-term benefits to the business. Unlike tangible fixed assets (like machinery or buildings), trademarks cannot be touched or seen but represent legal rights and brand recognition.

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