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Patents and copyrights are classified as ___________ on the balance sheet.

Carlton Burgess

in Business

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Ralph Lopez on August 24, 2018

Patents and copyrights are classified as intangible assets on the balance sheet.An intangible asset is something that belongs to the company, but cannot be touched or seen. Rights of copyright and patent, both of which belong to the company, but they are not a physical object that can be touched.


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