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

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Business

Kylie Mata

26 October, 04:53

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

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Dakota Wallace · Answer 1

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.