Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Use of Spreadsheet in Business Applications

Question:

Which asset is capable of adding value but do not have a physical dimension?

Options:

Land

Building

Plant & Machinery

Trademark

Correct Answer:

Trademark

Explanation:

The correct answer is option 4- Trademark.

Trademark is capable of adding value but do not have a physical dimension.

Assets are resources of the organisation, which can be classified into fixed and current assets. Fixed assets are long-term assets and provide productive capability to the firm. The examples of fixed assets are land, building, plant & machinery, etc. It includes both tangible and intangible assets. Tangible assets are physical in nature, which have form, shape and size. Intangible assets are resources capable of adding value but do not have a physical dimension such as patents, copyrights, trade mark, etc.