The long term assets that have no physical existence but are rights that have value is known as ........

Quantitative Aptitude (Pb Patwari) Accountancy

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The long term assets that have no physical existence but are rights that have value is known as

Current assets

Fixed assets

Intangible assets

Investments

Explanation:

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.