art Times 05130 PM for more than one year but lack physical

art Times 05130 PM / for more than one year, but lack physical substance (ouch as a atent or coormantlare pd in the section of the telance Sheet a O Other Assets O Intangible Assets

Solution

Option D is the answer

Assets which have cost and useful life of more than one year but lack physical substance are called intangible assets. Some of the examples are patents, copyrights ,know-how, literary works). As these are generally useful for long term, they are recorded under Long-term assets under the section Intangible assets.