Tangible Assets

C

The correct answer is A. Capable of being perceived.

A tangible asset is a physical asset that can be touched, seen, and felt. Examples of tangible assets include cash, property, equipment, and inventory. Tangible assets are contrasted with intangible assets, such as patents, copyrights, trademarks, and goodwill, which cannot be physically touched but represent value to a company.

The term "perceived" in this context refers to the ability to sense or detect the existence of the asset through the five senses, such as sight, touch, and smell. Tangible assets are capable of being perceived because they have physical substance and are located in a specific place.

The ability to appraise an asset is not a defining characteristic of tangible assets. However, because tangible assets have physical substance, they can be appraised, meaning their value can be estimated by an expert or through market analysis.

Therefore, option A, "capable of being perceived," is the correct answer, while option B, "capable of being appraised," is not a defining characteristic of tangible assets. Option C, "both A and B," is incorrect because while tangible assets can be appraised, it is not a defining characteristic. Option D, "neither A nor B," is also incorrect because tangible assets are capable of being perceived.