Question

Give any two points of difference (without examples) between tangible and intangible fixed assets.

Answer 1

Basis of Distinction	Tangible Fixed Assets	Intangible Fixed Assets
(i)	These assets have a physical existence, i.e., they can be seen and touched.	These assets do not have a physical existence i.e., they cannot be seen and touched.
(ii)	These assets are depreciated.	These assets are amortised over a period of time.