NECO Accounting 2023 Objective — Question 11
Question 11 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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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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