Tangible assets are those assets that can be appraised by value or seen or touched.

• A. True
• B. False
• C. It depends on the asset
• D. Only fungible assets

Answer: (A)

Tangible assets are physical items you can see and touch, such as land, buildings, equipment, or inventory. Because they have a physical form, you can inspect their condition and use standard valuation methods to determine their worth, which is what it means to be appraised by value. Intangible assets, on the other hand, have no physical form and include things like patents, trademarks, and goodwill, whose value comes from rights or expected future benefits rather than observable characteristics. So the statement is correct: tangible assets are those you can see or touch, and their value can be appraised.