What is Tangible Assets.

What is Tangible Assets. Give some example of it.

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92 Answers
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  • The term "Tangible Assets" means physically durables and in accounting concept it is comprises both the "Fixed & Current Assets"
    for example: -
    1) Fixed assets - Land, Building, Machinery and Tools etc.
    2) Current Assets - Inventory, Cash, Accounts receivables, Pre-paid expenses.

    The basic difference between Fixed & Current assets are 1) Fixed assets are purchased to run & generate profit from the business for more than one year and long and has a depreciation expenses process for allocating expenses year-wise and the 2) Current Assets are purchased run & liquidate into money within a financial year.

    Both the fixed and current are the component of TANGIBLE ASSETS and just the opposite of IN-TANGIBLE ASSETS, those all are BALANCE SHEET ITEMS.
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  • Tangible business assets can vary from business to business, as the the properties each company needs to operate are not consistent. However, tangible business assets generally fall into two main categories: current and fixed. Current assets are assets the business has on hand that are flexible and which the company can liquidate fairly easily, such as funds in a business bank account. Inventory is another good example of a current asset. Current assets often don't depreciate. Fixed assets are just the opposite. They are harder to liquidate and typically do depreciate. Examples in this category include the company's buildings, machinery, land and furniture,equipments etc.......
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  • Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible assetis an intangible asset. Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
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  • which we can feel or see such as Building,P&M,
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  • Assets having a physical existence, such as cash, equipment, and real estate; accounts receivable are also usually considered tangible assets for accounting purposes. opposite of intangible asset.
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  • in short and simple way tangible assets means u can assets which you have in physical form you can touch.
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  • A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. ... Nonphysicalassets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
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  • TANGIBLE - MOVABLE / IMMOVABLE
    INTANGIBLE - WE CAN'T SEE, BUT WE CAN FEEL ( RECOGNITION, PATENT, COPYRIGHT etc )
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  • Tangible assets are the ones which can be seen, or touched such as building, land, furniture etc. And asset is anything that generates value for us. Suppose I am opening a clothing showroom so I would be requiring a land , moreover I would be requiring furniture to let customer sit and decide what he/she wants to buy and all such things that would be helping to make a sale is an asset..
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  • Tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. Examples: patents trademarks copyrights goodwill brand recognition
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  • A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory.
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  • the tangible assests which can be seen and touch.ex:plant and machinery,furniture
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  • Search Results A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. ... Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
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  • Assets having Physical Form are known as tangible assets like machines
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  • Tangible assets are the assets which are visible and can be touched. Tangible assets include fixed assets such as building, machinery etc and current assets too such as accounts receivable, cash, bank etc
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  • Tangible assets are those assets which we can touch and feel such as plant and machinery , furniture, stock, etc
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  • tangible assets are those which can be physically seen and touched and felt such as furniture,buildings,computer,etc....
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  • Machinary land & building, like fixed asset
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  • All visible and active assets in business are known as tengible assets
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  • BUILDING FURNITURE MACHINARY
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