Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 8DQ
Related questions
Question
Explain types of Properties?
Expert Solution
The types of properties are as follows:
- Tangible Property: This type of properties alludes to a property that can for the most part be moved, contacted or felt. These by and large incorporate things, for example, furniture, apparel, ornaments etc.
- Intangible Property: This type of properties alludes to individual property that can't really be moved, contacted or felt, however rather speaks to something of significant worth, for example, debatable instruments, securities and intangible assets incorporating picked in real life.
- Movable Property: This type of properties incorporates standing lumber, harvests and grass, natural product upon and juice extracted from trees, and property of each other depiction, with the exception of immovable property.
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