Which of the following is not a tangible asset?

Technical expertise

The correct answer is option 3- Technical expertise.

Technical expertise is not a tangible asset. It is an intangible asset.

Finance is needed to establish a business, to run it, to modernise it, to expand, or diversify it. It is required for buying a variety of assets, which may be tangible like machinery, factories, buildings, offices; or intangible such as trademarks, patents, technical expertise, etc.

• A tangible asset is a physical item that a company owns and can touch or see, which has value and can be used in its operation.

• An intangible asset is a non-physical asset that represents a value to a company and often provides a competitive advantage. Unlike tangible assets, intangible assets cannot be touched or seen.