Fundamental Payroll Certification (FPC) Practice Exam

Question: 1 / 400

Which of the following items is considered a tangible asset?

Goodwill

Trademark

Furniture

A tangible asset is a physical item that has a measurable value and can be touched or seen. Furniture fits this definition perfectly, as it consists of physical objects that can be used in a business setting, like desks, chairs, and tables.

In contrast, the other options represent intangible assets. Goodwill is the value of a company’s brand reputation and customer relations, which cannot be physically touched. A trademark, while legally recognized and valuable, is also an intangible asset because it represents a brand’s identity and is not a physical product. Similarly, a patent refers to the legal rights to an invention or process, which again lacks a physical form.

Therefore, furniture is categorized as a tangible asset due to its physical presence, making it the correct answer in this context.

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