Question

Tangible long-lived productive assets differ from intangible long-lived productive assets in that tangible assets have physical substance whereas intangible assets have nophysical substance.1. True2. False

Answer 1

Answer:

True

Explanation:

The tangible long lived production assets is used by a companies in operations to produce revenue. This includes land, buildings, machinery, manufacturing equipment, office equipment, and furniture. They are physical things possessed by the companies.