Tangible Assets

Description of Tangible Assets. Explanation.

Definition Tangible Assets. Description.

Tangible Assets are those assets that can be seen and have a physical existence. Examples are machines, buildings, money. Note that in accounting, accounts receivable are also considered tangible, although they are not physical.

In accounting, this class of assets should be depreciated.

Compare with: Intangible Assets  |  Depreciation

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End of description Tangible Assets. An explanation.