Tangible assets are physical assets it includes both fixed assets, such as machinery, buildings and land, and current assets etc.., along with your current assets, such as your inventory, stock, and cash.
Tangible Assets refers to assets that can be held or seen and that are capable of being appraised at an actual or approximate value.Tangible assets include both Fixed assets and Current Assets .For instance: Fixed Assets: Assets which are purchased for long-term use and are not likely to be converted quickly into cash. Examples: Land & Building, Plant & Machiney, Furniture, Fixtures & fittings, Loose Tools. These often receive favorable tax treatment (Depreciation) Current Assets: A current assetis cash or any asset that can be reasonably converted to cash within one year. Examples:Inventory, Cash in hand, Cash in Bank, Pre-paid expenses,Accounts receivables, short term investments
Tangible assets are the assets which we can touch, seen. And there is charge on tangible assets. The charge is called as "Depreciation" For Examples: Machineries, furnitures......