- There are intangible assets associated with every business
TRUE FALSE
Intangible assets are assets without physical form which generate value in businesses. There are intangible assets associated with every business in operation and are not limited to only some businesses. The fact that these intangible assets are not identified and valued does not mean they are not there. Once a business is in operation and has tangible assets, that business should have some intangible assets. The answer is TRUE.
- Without tangible assets a business can generate intangible assets
TRUE FALSE
Intangible assets are associated only with businesses that have tangible assets. So without tangible assets a business cannot have intangible assets. The answer is TRUE.
