NABTEB Accounting 2023 Objective — Question 11

Question 11 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

Which of the following items is a tangible asset? (a) Goodwill (b) Lease (c) machinery (d) Copyright

A. Goodwill
B. Lease
C. machineryCorrect
D. Copyright

Explanation

Tangible assets are physical items such as machinery, buildings and equipment; goodwill, lease and copyright are intangible.

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