Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:
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A. B. C. D.B
The correct answer is B. Intangible Assets.
Intangible assets are non-physical assets that lack a physical substance, but they provide value to a company. They can be long-lived and differ from property, plant, and equipment that has been purchased outright or acquired under a capital lease. Examples of intangible assets include patents, copyrights, trademarks, customer lists, and goodwill. These assets are generally recognized on the balance sheet at their fair value at the time of acquisition, and their useful life is usually estimated by management.
Tangible assets, on the other hand, are physical assets with a definite or indefinite life that a company holds for use in the production or supply of goods and services, for rental to others, or for administrative purposes. Examples of tangible assets include buildings, land, machinery, equipment, and vehicles.
Forced assets is not a recognized accounting or financial term, and hence is not a correct answer option. Therefore, option D is incorrect.